Royal Philips (NYSE:PHG) plans to move its North American headquarters and nearly 2,000 employees to Cambridge, Mass. in 2020, according to reports.
The medical technology company partners with a number of Cambridge- and Boston-based hospitals and institutions, so its decision to move to the Cambridge Crossing campus was one, partially, of convenience.
“It just made sense for us to be closer to Cambridge, where we could be a lot closer to those partners and closer to the startups who we’ve been working with and trying to co-innovate and create the solutions that people need to achieve seamless care,” Philips spokesperson Silvie Casanova told the Boston Business Journal.
The company’s headquarters has been located in Andover for 17 years. Philips told its Andover-based employees that the company was relocating its headquarters in a town hall meeting at its facility yesterday.
Casanova told the Eagle Tribune that although the 2,000 jobs are moving from Andover, nobody will lose their positions as a result of the move.
The company plans to close three of its office and lab spaces in Andover by 2020, but will keep a manufacturing facility open there that will employ 300 people.
Some of the other 1,900 people will be moved to the Cambridge location, which can hold up to 2,000 employees, and some will be relocated to a new 800-person facility in Nashville, Tennessee.
The team that will be sent to the Cambridge Crossing site is slated to include the company’s innovation and commercial healthcare technology team, as well as a 200-person research team derived from Philips’ partnership with the Massachusetts Institute of Technology, according to BBJ.
