From separation to automation

It may be an exaggeration to say that a new star was born, but at least the completely changed IPTE  is aiming for the stars. Their effort over the last few months is certainly worth to be acknowledged: As the crisis messed up IPTE Group’s expansion strategy and the company started struggling, the two founders decided to split the company and buy-out a part of it. Thus, IPTE Factory Automation was “born” with effect of March 1^st, 2010.

End of last year the public company IPTE NV announced the sale of its automation division to the company’s founders Huub Baren and Vladimir Dobosch. In parallel, the contract manufacturing division would operate under the name Connect Group , with Luc Switten as CEO and Erik Dejonghe as independent director. Only Connect Group (share listing ) remained listed on Euronext Brussels . The start-up IPTE Factory Automation NV is no longer listed on the Belgian stock-exchange.
With effect from March 1, 2010, the sale of the automation division of IPTE NV to the founding members Huub Baren Senior and Vladimir Dobosch has been completed. Within the context of an extraordinary partners’ meeting the deal had been confirmed and approved on March 2, 2010 and is being formally executed.

 Picture credits: IPTE 

The buy-out was accompanied by a comprehensive backup of the financial requirements. Huub Baren declares: „The IPTE FA stands on a solid financial foundation. This is the sine qua non for the company’s long-term stability.” As the financing is secured, IPTE intends to continue developing the complete product range of automation systems for production, testing and assembling of printed circuit boards and components as well as the final assembly of electrical and electronic devices. The company has more than 15 years of experience in these areas.

The headquarters will be Genk in Belgium, with a global network of sales and services in over 15 sites in Europe, America and Asia. There is also a network of nine engineering and production sites in Belgium, Germany, France, Portugal, Spain, Mexico, Estonia, Rumania and China. “All places of location and all members of staff will be kept in operation”, promises Huub Baren.

At present, IPTE FA employs 450 members of staff. At the German site in Heroldsberg near Nuremberg, there are some 100 members of staff on the job. Executive directors of IPTE FA are Hubert Baren Junior and Vladimir Dobosch.

 Picture credits: IPTE

The offer by IPTE FA covers turnkey solutions for automated printed-circuit boards testing, automation for in-circuit test and functionality test, components for board handling (including all kinds of automated handling units for circuit boards, transportation and interim storage facilities) plus production lines as well as custom-made.testing and application developments. All these activities are covered by the site in the Belgian city of Genk.

The site in Heroldsberg in Germany  is set to produce depaneling machines for pcbs, assembly robots for special components as well as testing applications. Even production and assembly units for client-specific assembly-lines are developed and produced there. The design of products and the development of prototypes completes the tasks of the site.

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[seo-diensten]

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