Breitling Secures Acquisition of Historic Watchmaker Gallet
Deal News | Mar 19, 2025 | Legal Community Swiss
Breitling, the notable Swiss watchmaker, has successfully acquired Gallet, further expanding its luxury watch portfolio. This acquisition marks Breitling's second major acquisition following its purchase of Universal Genève in 2023. Gallet, founded in 1446, is recognized for its high-performance chronographs used in aviation and motorsport. Advestra acted as the legal advisor for Breitling in this transaction. With this purchase, Breitling aims to position Gallet as a luxury, entry-level counterpart within its brand lineup.
Sectors
- Luxury Goods
- Legal Advisory
Geography
- Switzerland – Both Breitling and Gallet are historic Swiss watchmakers, and the transaction takes place in Switzerland.
Industry
- Luxury Goods – The acquisition involves well-known brands in the luxury watch industry, including Breitling and Gallet.
- Legal Advisory – Advestra's involvement as a legal advisor for Breitling showcases the legal advisory services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Breitling | Bidding Company | Company | Swiss luxury watchmaker founded in 1884, known for its precision-made chronometers. |
| Gallet | Target Company | Company | Historic Swiss watchmaker founded in 1446, recognized for high-performance chronographs. |
| Advestra | Legal Advisor | Company | Legal firm providing counsel to Breitling on the acquisition of Gallet. |