"Our mutual passion for engineering at the highest level is what has brought us together and strengthened the bond between us, resulting in a partnership that is unique in the industry. Over the last almost 10 years, we have formed a strong community. Many members of the Mercedes-AMG Petronas Formula One team are now also part of the IWC family. I am looking forward to continuing and expanding our collaboration," said Christoph Grainger-Herr, CEO of IWC Schaffhausen.
Toto Wolff, Team Principal & CEO of the Mercedes-AMG Petronas Formula One Team, added: "The many parallels between motorsport and watchmaking formed the foundation for our collaboration in 2013. Since then, we have been able to learn a lot from each other and experience many unforgettable moments together. Our actions are always determined by long-term thinking and the extension of our partnership is great news, ahead of the new season and beyond."