NEC Philips Unified Solutions – Deal Done

NEC Corporation and Royal Philips Electronics have completed the transaction regarding their joint venture in enterprise communications as announced in November 2005. With NEC holding 60% and Philips holding 40% of shares, the new company, NEC Philips Unified Solutions, has commenced operation as per 3 April 2006.

At a briefing held this week at the company’s headquarters in Hilversum, The Netherlands, Ad Ketelaars, CEO of NEC Philips Unified Solutions, mapped out the company’s ambitions.

Ketelaars, explained, “Combining NEC’s strong technology base and market position in Asia Pacific and North America with Philips’ strong market presence in EMEA provides us with strong, sustainable competitive advantages and enables NEC Philips Unified Solutions to extend market reach and its share of the communications market.”

The joint venture is part of NEC’s global strategy to achieve over 10% share of the enterprise communications market worldwide. To this end, NEC is investing significantly in the development of platforms and applications that can be sold on a global scale, as well as investing further in its routes to market.

Chris de Silva, UK Managing Director of NEC Philips Unified Solutions, comments, “NEC and Philips are two great brands with immediate recognition in the B2B market. Their combined strengths will support NEC Philips Unified Solutions’ launch in the market and provides a powerful portfolio of solutions and services for both the UK and European markets.”