A memorial to the company’s founder Walter Lange was unveiled in the redesigned square outside the Saint Wolfgang church as part of celebrations to mark the 175th anniversary of Glashütte’s watchmaking industry. By doing so, the town is paying tribute to the man who brought precision watchmaking to Glashütte for a second time after the German reunification in 1990. Without his far-sighted decision to continue his family’s legacy and make a fresh start, there would be no flourishing watchmaking industry in Saxony today. In the presence of former Prime Minister of Saxony Kurt Biedenkopf, Lange's CEO Wilhelm Schmid, Walter Lange's son Benjamin with his wife Joanna and other invited guests, Glashütte Mayor Markus Dreßler and Lange's former Managing Director Hartmut Knothe unveiled the bronze monument created by Thomas Jastram.