The Swatch Group Ltd. and Tanzarella Ltd. signed a contract for the takeover of the activities of Tanzarella Ltd. in Riazzino/Locarno taking effect on July 12, 2010. The takeover will take place by transferring the assets into a recently founded Swatch Group company. The new company called Assemti Ltd. will be at the present location in Riazzino / Locarno. The Swatch Group Ltd. will acquire the building used until now by Tanzarella from Credit Suisse.