TP Vision
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TP Vision Europe B.V. is a Dutch consumer electronics manufacturer and a wholly owned subsidiary of TPV Technology. It develops, manufactures and markets Philips branded products such as television sets, audio products, and commercial displays, in Europe, Latin America, the Middle East and selected countries in Asia-Pacific. The company began in 2012 after it was divested from Philips and is based in Amsterdam, alongside its sister company MMD, which develops Philips computer monitors and digital signage. Product design for both companies are handled in Amsterdam while an Innovation Center technical lab is maintained in Ghent, Belgium. Philips Professional Display Solutions (PPDS) is the unified B2B trading name for both entities.
TP Vision Europe B.V. is a Dutch consumer electronics manufacturer and a wholly owned subsidiary of TPV Technology. It develops, manufactures and markets Philips branded products such as television sets, audio products, and commercial displays, in Europe, Latin America, the Middle East and selected countries in Asia-Pacific. The company began in 2012 after it was divested from Philips and is based in Amsterdam, alongside its sister company MMD, which develops Philips computer monitors and digital signage. Product design for both companies are handled in Amsterdam while an Innovation Center technical lab is maintained in Ghent, Belgium. Philips Professional Display Solutions (PPDS) is the unified B2B trading name for both entities.
History
Philips, founded and then based in Eindhoven, designed and released its first radio receiver in 19271 and was a dominant leader in radio during the 1930s. It also presented its first television set in 1935 although its first released mass-produced model was in 19501. In 2011, during a time when Philips was significantly downsizing, the company announced its intention to sell a majority stake in its TV business to TPV Technology, which already had the full rights to Philips computer monitors since 2009 under its subsidiary MMD-Monitors & Displays Nederland B.V. The TV business was at that point a sub-division of Philips's Consumer Lifestyle. In April 2012, all 3300 employees1 of Philips' TV division were transferred to TP Vision, a joint venture 70% owned by TPV Technology, headquartered in Hong Kong, China and 30% by Royal Philips Electronics. Philips also receives royalties from TP Vision. In January 2014 Philips sold its remaining 30% equity interest in TP Vision. In 2018, TP Vision also gained the sole license for Philips audio products in the regions it operated in at the time.
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Text derived from https://en.wikipedia.org/w/index.php?oldid=1371652657 under CC BY-SA 4.0; modifications have been made.