Agreement signed between tbp electronics B.V. and Alcatel-Lucent in Belgium
Last Friday, April 20,Alcatel-Lucent in Belgium signedthe closing agreement to sell the manufacturing activities at Geel (Belgium) to tbp electronics B.V. These activities will be incorporated in a new company named tbp electronics Belgium. As previously announced in February of this year, the terms of the agreement include, among other things, the transfer of all customer contracts, manufacturing assets and all employees to the newly incorporated company. On May 1, the 319 employees will transfer to tbp electronics Belgium.
The formation of tbp electronics Belgium together with tbp electronics B.V. will create one of the major electronics manufacturing providers in the Benelux region with an extensive customer base, complementary know-how and expertise with full flexibility for prototyping and low- to medium-volume production.
The agreement will enable the manufacturing plant in Geel to further grow its external market business focused on advanced electronics manufacturing services (EMS) for high-tech products. Geel’s strategy – the transformation from a pure volume production plant focused on Alcatel-Lucent internal needs to an EMS Service provider for external customers – has proven very successful in the last years.
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