IPTE NV has come to an agreement with Barco NV to take over the PCB assembly activity of the Barco Manufacturing Services division. The PCB assembly activity is now part of the IPTE group. The PCB assembly activity will generate revenues of around 60 million Euro in 2006, that is around 45 million Euro of sales to other Barco divisions, and 15 million Euro to outside customers. This assembly activity takes place in two plants, at Poperinge (Belgium) and at Kladno (Czech Republic). More than 350 persons are employed in this activity, 200 at Poperinge and 150 at Kladno. As part of the agreement, IPTE has signed a contract, under which Barco will, over a period of at least 5 years, regard IPTE as its main PCB assembler. Barco has also guaranteed IPTE annual sales of minimum 40 million Euro during the first three years and over 25 million Euro during the last two years of this agreement.
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.“
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