"A bit of history
Glashütte Original as we know it today, was founded in 1994 by the privatization of VEB Glashütter Uhrenbetriebe , or short GUB. After the Russians took control over the Eastern part of Germany, shortly after World War II, GUB was formed in 1951 as an East German conglomerate comprising all watch companies based in Glashütte. Today Glashütte Original produces its own movements, and their watches are in the higher echelons of the watch market. Glashütte Original is currently owned by The Swatch Group".