The Acrotec Group, a portfolio company of Castik managed EPIC Funds, has acquired Gasser Ravussin SA (“Gasser”) for an undisclosed amount.
Gasser is an established, family built and operated, Swiss manufacturer of fine gemstones which has grown organically since being founded in 1927. Gasser specializes in manufacturing synthetic rubies used in watch movements, in particular for the assembly of shock absorbers. Gasser produces nearly 20 million pieces for the watch industry per year.