Glashütte Original
Encyclopedia
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
of VEB Glashütter Uhrenbetriebe (GUB). GUB was an East German conglomerate formed in 1951 from the watch companies based in Glashütte
Glashütte
Glashütte is a town in Sächsische Schweiz-Osterzgebirge, Free State of Saxony, Germany, which was the birthplace of the German watchmaking industry. The city has a population of about 4,700. Historically it was first mentioned in a document around 1445...
. This included A. Lange & Söhne
A. Lange & Söhne
A. Lange & Söhne is a trademark of German watchmaking company Lange Uhren GmbH , a subsidiary of Richemont SA. Lange pocket and wrist watches are among the finest in the world, competing with watches produced by Swiss firms such as Patek Philippe and Vacheron Constantin.- History :Lange was...
, founded in 1845. Glashütte Original is one of the few watchmakers that uses its own movements, and it has 10 proprietary movement innovations. Glashütte Original is currently owned by The Swatch Group.
Name
GlashütteGlashütte
Glashütte is a town in Sächsische Schweiz-Osterzgebirge, Free State of Saxony, Germany, which was the birthplace of the German watchmaking industry. The city has a population of about 4,700. Historically it was first mentioned in a document around 1445...
is the German town where the watch factory is based. It is pronounced ˈɡlaːs.hʏtə. By German orthographic convention, this would be written Glashuette if an umlaut ü is not available, but it often appears internationally as Glashutte.