Koninklijke Philips N.V.
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Publicatie datum
16 aug 2006 - 08:31
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to sell Enabling Technologies Group to VDL Groep
Bericht
August 16, 2006
PHILIPS TO SELL ENABLING TECHNOLOGIES GROUP TO VDL GROEP
Amsterdam and Eindhoven, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) and VDL Groep today announced that they have signed a letter of intent for VDL Groep to acquire Philips Enabling Technologies Group (ETG). Subject to regulatory approvals, the transaction is expected to close in the fourth quarter of 2006. No financial details of this transaction were disclosed.
Philips ETG, with annual revenues of EUR 231 million in 2005, is a leading manufacturer, developer and supplier of precision components and mechatronic (sub) systems used for industrial equipment. Philips ETG’s headquarters are based in Eindhoven. The group employs approximately 1650 people, of which about 1100 in The Netherlands.
For further information, please contact:
Jeannet Harpe
Philips Corporate Communications
Tel +31 20 59 77199
Email: jeannet.harpe@philips.com
Marleen van Zeeland
VDL Groep bv
Tel +31 40 292 5080
Email: m.v.zeeland@vdl.nl
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 30.4 billion in 2005. With activities in the three interlocking domains of healthcare, lifestyle and technology and 158,000 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
About VDL Groep
VDL Groep, with its head offices in Eindhoven, is an international company focused on the development, production and sales of semi-manufactured and finished products. In total, the group, with approximately 5,300 employees, consists of more than 70 subsidiaries spread over 13 countries. In 2005, VDL Groep had a net turnover of EUR 991 million and a net profit of EUR 50 million. In the supply sector, VDL specialises in metalworking, plast
Datum laatste update: 22 februari 2026