In todays digital world, theres still a need for lubricants to keep fine mechanical watches on time. The Swatch Group on Thursday announced the acquisition of H. Moebius & Son, a Swiss supplier of lubricants and greases used in mechanical watch and clock movements. Terms were not disclosed.
Biel, Switzerland-based Swatch Group said it will continue to supply lubricant and grease products to existing Moebius customers via current distribution partners.
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