The Swatch Group Ltd acquired the shares of Montres Jaquet-Droz SA, La Conversion VD (Switzerland), so far owned by Cupola Venture Partners 1 Ltd., Cayman Islands, and private Swiss minority shareholders. Montres Jaquet-Droz SA are active in the luxury segment. Their products are sold mainly on the Far Eastern markets. Beside luxury watches, the company develops and sells highly complicated automata, such as the so-called “androids”.