Philips issued the following statement:
"In December 2009, Philips announced the intention to relocate some of its existing remote control activities in Leuven, Belgium to Asia. At the same time, the intention was communicated to investigate alternative strategic options for the Pronto business, as this activity no longer fits with the Philips strategy.
Following thorough research, no suitable partner was found for the acquisition of these activities. As such, Philips confirms today that it will discontinue the Pronto product line and related activities.
The Pronto business, headquartered in Leuven, Belgium, serves the Custom Audio-Video Installation market with advanced control devices.
Philips will engage in a dialogue with its social partners on the consequences for the involved personnel of this announcement."
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