Philips Sells 80% Stake of Assembleon to H2 Equity Partners

According to a recent statement from Philips’ subsidiary Assembleon, Philips has agree to sell 80 percent of Assembleon to independent private equity firm H2 Equity Partners.

Assembleon is a SMT pick-and-place solutions provider with over 400 employees at its Veldhoven headquarters and regional offices in Alpharetta and Hong Kong.

H2 Equity Partners, founded in 1991 with offices in Amsterdam, Munich and London, controls 13 companies with some €1.6 billion (about $1.2 billion) in sales and approximately 6,000 employees.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.