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Jabil to acquire Philips manufacturing services

Posted: 02 Sep 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Philips Electronics' Contract Manufacturing Services? PCB? TV receivers? DVD audio systems? stb?

MS provider Jabil Circuit Inc. has entered into an agreement to acquire most of Royal Philips Electronics' Philips Contract Manufacturing Services (PCMS). Completion of the transaction is expected to take place later this year.

PCMS has grown from a specialist in PCB assembly into a full service provider addressing both the internal and external EMS markets as a standalone Philips business. PCMS offers a range of services ranging from design, development, and engineering to full-scale manufacturing and customized supply chain management.

Under the terms of the agreement, Jabil will take over the management of manufacturing operations on three continents, including sites in Austria, Belgium, Brazil, China, Hungary, India, Poland, and Singapore. From these locations, Jabil will continue to provide key components for the manufacture of Philips products, including TV receivers, DVD and audio systems, storage, and display products, and STBs under a four year product supply agreement. The agreement will also include outsourcing requirements for additional PCMS customers outside Philips.





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