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On 12 April 2012, the Swatch Group has announced the acquisition of 100 percent of the shares of Simon et Membrez, in Delemont. The shares are currently owned by Philippe Membrez, the company's CEO, and Etienne and Didier Membrez. In addition, Swatch Group is also acquiring the related 60 percent holding in Termiboites SA (case polishing) in Courtemaiche that counts 50 employees. Simon et Membrez is a seamless fit alongside the existing Swatch Group production companies and logically complements Comadur, Ruedin and Lascor, the companies active in the production of watch casings within the Swatch Group. Swatch Group has a long-standing business relationship with Simon Et Membrez SA for a number of its watch brands (Breguet, Blancpain). Simon Et Membrez SA will continue to supply third parties.