PARIS — The LVMH Watches Division has acquired a minority stake in Swiss manufacturer La Joux-Perret.

Financial terms of the deal were not disclosed.

They concurrently struck a strategic commercial partnership to provide new production and innovation capabilities for LVMH Moët Hennessy Louis Vuitton’s watchmaking brands that include Hublot, Tag Heuer and Zenith.

The watchmaking brands have over the past few years been collaborating with La Joux-Perret, which designs and produces high-quality watch movements. Tag Heuer , for instance, has worked with it to develop a solar quartz movement. That innovation features in the brand’s Aquaracer and Tag Heuer Formula 1 collections.

LVMH said in a statement released Wednesday morning that both have “met with great success and illustr

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