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Foreign competition and the mass production of cheap new electronic products were taking over the market. In 1983, critical steps including the merger of ASUAG and SSIH into SMH and the launching of a low-cost, high-tech, artistic and emotional “second watch” - the Swatch.

Invented, developed and launched by Ernst Thomke and his team.

Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S. ETA is the result of successive consolidation of the Swiss watch industry, a combination of several former Swiss watch movement manufacturers including Valjoux, Peseux and Lemania.

In 1856 at Grenchen, Urs Schild, a schoolmaster, and Dr.

Omega's popular Seamaster line of watches (including the Seamaster Professional 300) previously used an embellished version of the ETA 2892. Later versions of the Seamaster used a proprietary coaxial escapement invented by George Daniels, an English horologist, and exclusively marketed by Omega, a sister company of ETA.

The movement with the coaxial escapement is known as the Omega 2500 series and is derived from the ETA 2892.

In contrast, since the addition of the "-2" at the end of the movement number, there has been no difference between the standard and the chronometer grades in terms of the regulator mechanism, both being Etachron.

To illustrate the differences in accuracy garnered by the successive grades, consider the following specifications: The Chronometer grade must meet strict standards prescribed by the COSC.

Through a series of mergers, ETA has become the largest manufacturer of Swiss watch movements and controls a virtual monopoly over their production and supply.

ETA SA Manufacture Horlogère Suisse (ETA SA Swiss Watch Manufacturer) designs and manufactures quartz watches and both hand-wound and automatic-winding mechanical ébauches and movements.

Commonly referred to as ETA, the company is headquartered in Grenchen, Switzerland and is a wholly owned subsidiary of The Swatch Group Ltd.

Though ETA was founded by Eterna in 1856 some part of its production line can be traced back to the 1793 founding of Fabriques d’Horlogerie de Fontainemelon (FHF) by David Benguerel, Isaac Benguerel, François Humbert-Droz and Julien Humbert-Droz.

Although ETA specializes in ébauches, ETA is capable of making all components necessary for a completed watch and is therefore considered a manufacture d'horlogerie.

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