It may be
an exaggeration to say that a new star was born, but at least the completely changed
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 1st, 2010.
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.
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
IPTE FA employs 450 members of staff. At the German site in Heroldsberg near
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
The site in