Munich-based watchmaker Chronoswiss has been sold to Swiss entrepreneur Oliver Ebstein, 37, and his wife Eva Maria. The Lucerne-based owners are new to the watch industry, and they have said that Chronoswiss will be owned by them privately, rather than through their investment company Meru AG.
“Chronoswiss is to be retained as an independent family. It is our great pleasure to introduce ourselves here to get involved in the long term, and sooner or later to direct the company itself. We want to continue the tradition of using high-quality mechanical watch components. Therefore, we look forward to working together with all employees on the success of Chronoswiss,” said Oliver Ebstein.
Former Chronoswiss managing director Pete Josef Burgmayer remains on board, though Sigrun Schilling-Heinen will not continue with the firm. Gerd-Rüdiger Lang is also expected to remain involved. Lang said, “I think the new arrangement is very good and I would love to be involved with Chronoswiss in the future and provide horological expertise based on my extensive experience.”
It will be interesting to see what a Swiss-run Chronoswiss will create for the wrist in the coming years.
This story originally appeared in German on our sister site WatchTime.net.
Chronoswiss founder Gerd-Rüdiger Lang