The roots of Audemars Piguet date back to 1874, when the 23-year-old Jules Louis Audemars met Edward Auguste Piguet, then only 21, at Vallée de Joux, they were both born in Le Brassus. When they graduated from school, they went to Vallée de Joux to start working together in watch manufacturing.
Thus Audemars started producing component parts for movements and Piguet got the job of a repasseur, maker the final regulation of the timepiece. In 1875, they founded a firm later known as Audemars, Piguet et Cie.
Since 1882, members of the Audemars and Piguet families have always been on the board of directors and have, therefore, directly or indirectly run the company.
Text is quoted from Wikipedia.
Additional information on the Royal Oak Chrono 26022 can be found on the official Audemars Piguet website.