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Philips HQ Moving to Andover

7/25/2008 07:00:00 AM
This is kind of cool. Philips Electronics is moving their US headquarters to Andover. Looks like NYC is losing more than just its movie filming projects to us. heh.

Get ready for an influx of Dutch folks coming to the area. Philips is a huge Dutch company, I've met a fair number of folks that work for the various Philips offices throughout the world through ye old day job and most of them are Dutch.

Gov. Deval Patrick is expected to announced on Tuesday that Dutch conglomerate Royal Philips Electronics NV will move its North American headquarters from New York City to Andover, Mass.

The company plans to hold an early press conference at its Andover facilities, which already serve as the global headquarters for its health care division. With the move, Massachusetts will gain between 50 and 75 jobs. More are expected to follow.

I'm sure all of you have heard of Phlips. They sell all sorts of stuff: tvs (soon to be outsourced to Funai), dvd players, sonicare toothbrushes, computer accessories, medical equipment, and so on and so forth.

Long story short, this should be great for the MA economy and create some more jobs for the state.

Click (here) for the BBJ blurb.

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