The owners of Stoco SA, a supplier to the Swiss watch industry, have sold their 91.7% stake to Mayco Holding AG. The financial terms of this transaction have not been disclosed.
Stoco SA designs and builds precision systems for the assembly of watch movements and offers contract services related to the conditioning of watch movement parts. Clients are mostly large and renowned Swiss watchmaking companies. The owners decided to sell their shares to an industrial buyer, who would secure the continuity of the company at its present location and support its further development together with the existing management.
Meyco Holding AG owns numerous companies supplying the watch industry, including Lécureux SA, which is a supplier of precision assembly machinery to the watchmaking and medical technology industries.
Oaklins' team in Switzerland advised the owners of Stocco SA on the sale of their shares.
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