Johannesburg, 14 April 2016. Philips TV has recently added FondiVersal Technology Co., Ltd as a new distribution partner to handle its sales and distribution throughout the African region. The distribution deal has been in effect as of 1 January 2016, and was facilitated by the Singapore affiliate, TP Vision Singapore Pte Ltd.
Through this new relationship, FondiVersal will provide sales and distribution support to TP Vision, helping expand the reach of the Philips TV brand throughout the region utilising its broad network of resellers. TP Vision is also able to expand its distribution rights of Philips TVs through this partnership.
“We are confident that FondiVersal will become the necessary bridge between Africa and the rest of the world with its abundant experience and strong insights into the market,” says Gawain Chang, General Manager for Philips TV.
Suchit Kumar, CEO of FondiVersal Technology added that “it’s an honor to ally with Philips! I believe that the superior Philips’s TV products coupled with our extensive local networks and business relationships will ensure increased and continued success for the Philips brand and products throughout the region.”
TP Vision is also the brand licensee for Philips TV in Europe, Russia, Middle East, Brazil, Argentina, Uruguay, Paraguay and Asia.TP Vision will continue to develop, manufacture and market Philips-branded TV sets in Africa.
About FondiVersal Technology
FondiVersal Technology is an international conglomerate with business interests in IT & Consumer Electronics. FondiVersal’s founding objectives are towards bringing innovative ideas redefining the digital age with its in-house brand FONDI. The company business focuses on the development of products that fit seamlessly into consumer’s digital lifestyles.
About TP Vision
TP Vision is a wholly owned company of TPV established in 2012 through a brand license agreement with Philips. TP Vision exclusively markets and sells Philips branded Televisions worldwide. By combining the Philips brand promise with TPV’s manufacturing expertise in displays, TP Vision uses a fast and focused approach to bringing innovative products to market..