Glashütte Original is a German producer of luxury watches founded in 1994 by the privatization of VEB Glashütter Uhrenbetriebe (GUB), an East German conglomerate formed in 1951 from the watch companies based in Glashütte. Glashütte Original uses its own movements, and has 10 proprietary movement innovations. Glashütte Original is currently owned by The Swatch Group.