News The Swatch Group and Juken Technology (Singapore) have signed a contract overseeing the sale by the former to the latter of the stepper motor manufacturing activities of Microcomponents SA for the car industry. The transfer of assets will take place between now and the end of February.
The disposal concerns all machines used to build such motors in Switzerland and in Zhuhai (China) on behalf of Microcomponents, as well as finished and semi-finished products which are the property of Microcomponents SA. Juken Technology has agreed to renew the contracts of the 90 or so employees in Zhuhai under unchanged terms of employment, along with nine of the 14 employees working in Switzerland. A solution has already been found, or will be found, for the other five employees in the Swatch Group.
Microcomponents is a company specialising in the manufacture of stepper motors for the car industry (speedometers, rev counters, fuel gauges, etc). Keen to refocus on its core activity, the Swatch Group has decided to withdraw from this sector. A long-standing commercial partner of Microcomponents SA present on this market for more than twenty years, Juken Technology sees synergies between the construction of stepper motors and its existing activities.
January 27, 2010