Philips sells 'equipment foundry' - Embedded.com

Philips sells ‘equipment foundry’

LONDON — Royal Philips Electronics is to sell its Enabling Technologies Group (ETG) to VDL Groep. ETG had revenues of €231 million in 2005, and is a manufacturer, developer and supplier of precision components and mechatronic (sub) systems used for industrial equipment.

The group is based in Eindhoven and employs approximately 1650 people, of which about 1100 in The Netherlands.

VDL Groep, is also based in Eindhoven and is focused on the development, production and sales of semi-manufactured and finished products. It has 5,300 employees, consists of more than 70 subsidiaries spread over 13 countries. It specialises in metalworking, plastics processing, system supply and surface treatment as well as making coaches, chassis modules, public transport buses, mini and midi buses.

Its finished products sector comprises suspension systems for the automotive industry, production automation systems, heating, cooling and air-technical systems, systems for the oil, gas and petrochemical industry, sunbeds and roof boxes, systems for the agricultural sector, cigar-making and packaging machines, container handling equipment, medical systems and production systems for optical media.

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