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April 7, 1997updated 05 Sep 2016 12:26pm


By CBR Staff Writer

Philips Electronics NV says it intends to sell nine more small, underperforming businesses, freeing up resources to grow its core activities. The companies concerned – Philips Power Systems of Wavre, Belgium; Thermocoax of Suresnes, France; Philips TV Test Equipment of Brondby, Denmark; Philips Weighing and Philips Electronic Center of Hamburg, Germany; Philips Industrial Automation Systems of Eindhoven and PBF of Almelo in the Netherlands; Philips Kistaindustrier AB of Kista, Sweden and Edax International Inc of Mahwah, New Jersey employ around 1,500 staff and made up some 15% of the $1.5bn or so sales in the Industrial Electronics unit.

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