Philips to Relocate Headquarters to Andover
A recent article published by Health Imaging indicates that Philips Royal Electronics will be relocating the company’s headquarters to Andover, Massachusetts. This is existing base camp for Philips Healthcare.
Philips Royal Electronics, the parent company of Philips Healthcare, is currently based in New York City. This company falls under the guise of even larger parent company, Royal Philips Electronics. The electronics giant is based in Amsterdam.
Some area residents speculate that the relocation of the headquarters will increase employment opportunities in the area. It will also certainly increase the taxes paid to the area.
July 18, 2008 Related topics: Industry & Market