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Assembléon machines in action at HPI-Electronic SMT & Inspection | December 02, 2010

Philips intends to sell the majority of Assembléon

Philips Electronics NV sells a majority stake in Assembléon to H2 Equity Partners, an independent private equity firm
Royal Philips Electronics announced today that it intends to sell a majority stake in its subsidiary Assembléon to H2 Equity Partners, an independent private equity firm. H2 Equity Partners will take an 80% stake in the company and Philips will retain 20% once the transaction, which is subject to the advice of the works council and customary regulatory filings, is completed.

Assembléon, with headquarters in Veldhoven, the Netherlands, is a global supplier of surface mount technology pick & place solutions for the electronics manufacturing industry. The company has regional offices in Alpharetta and Hong Kong and employs just over 400 people.

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