Citizen's Swiss role

The Japanese watchmaker announces the acquisition of Prothor Holdings, the Swiss maker of La Joux Perret, Prototec and Arnold & Son watch brands.

Citizen's Swiss role

Asia’s companies are arguably the most important players in global MA at the moment. Citizen Watch’s acquisition of Prothor Holdings captures the trend explicitly a cash-rich Japanese company buying a high-end European set of brands and technology to improve its sales into emerging Asia, especially China.

The 5.76 billion $72 million deal values Prothor, the Swiss maker of La Joux Perret, Prototec and Arnold Son, at just over two times 2011 sales of Sfr31.5...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: switzerland | watches | horology | dc advisory | daiwa

Print Edition

FinanceAsia Print Edition

EVENTS