Managing Director Huub Baren: “We are delighted at successfully completing this deal with Barco. The discussions have taken a long time because both parties wanted to be certain of making the right choice. The ultimate aim of both parties is to develop a long-term relationship aimed at a win-win situation. Barco has restructured this activity in recent years and made it profitable, and we therefore assume that it will contribute to the IPTE group’s profits from day one. We also believe strongly in the synergies that can be achieved within IPTE’s global PCB assembly activity. Our total PCB assembly activity will amount to around 95 million Euros, and consist of facilities in Belgium (Ieper and Poperinge), Germany, and production units in Romania and Czech Republic. This business volume will enable us to offer a complete range of PCB assembly services that will make us attractive to larger international customers.“
