MELB Luxe, owner of H. Moser & Cie, and Agenhor SA, have just announced that both companies were strengthening their partnership. Indeed, MELB Luxe takes a minority stake in the Geneva-bases complicated movement maker. Edouard Meylan, owner of MELB Luxe and CEO of H. Moser & Cie., is joining the board of directors of Agenhor SA.
MELB Luxe is the parent company of the Meylan family and was created to build a group of independent brands. After Hautlence, MELB holding acquired H. Moser & Cie. and its sister company Precision Engineering AG that is specialized in the development and manufacture of high-quality escapement components and hairsprings (2012).
Founded in 1996 by Jean-Marc Wiederrecht, Agenhor (Atelier GENevois d’HORlogerie) is an independent watchmaking company based in Geneva and specialized in the conception of complication movements and modules such as retrograde or astronomical indications. Among other creations, Agenhor is known for their remarkable Agengraphe, a revolutionary central display chronograph first used by Fabergé, Singer Reimagined and Moser. Agenhor was also responsible for the development of the display module in Hautlence’s latest creation.
In the words of Nicolas Wiederrecht, co-owner of Agenhor SA with his brother Laurent, “The vibrancy of H. Moser & Cie. is remarkable. After many years of exciting collaboration between our two companies, and in a successful period of development, we are convinced that the alliance of H. Moser & Cie. and Agenhor SA and the complementary nature of our brands will boost creativity on both sides. The independence of Agenhor SA is guaranteed. We will continue to serve our existing and prospective customers with our continuous close attention, while maintaining the same respect for confidentiality. Our new-found stability is further ensured by this strategic alliance.”
For Edouard Meylan, “This acquisition will allow us to go further and work on new movements for H. Moser & Cie. and for Hautlence. As the vast majority remains in the hands of the Wiederrecht family, Agenhor SA is free to develop and can count on the support of the Meylan family if needed. We guarantee them financial security and access to the regulating organs of Precision Engineering AG, while we secure our supply of strategic modules and movements. This is a win-win situation for all of us.”
This post first appeared on Monochrome Watches - An online magazine dedicated to fine watches.