Tulip UK is back in business this week after its Dutch parent was rescued from the receivers.
The UK arm was taken out of administration yesterday and will resume its "full range of sales and support services". It was one of the healthiest units of the Dutch PC maker, recording a profit in the first quarter, and there was speculation that it would be spun off to a management buyout.
Some observers still believe this is a possibility over time, especially as the UK focuses more specifically on services and the professional user based than its more broad based parent.
However, for now at least, the UK company remains within the Tulip fold, following the announcement of the rescue deal earlier this week. Under the terms, Dutch investment company Begemann will inject cash into Tulip. It claims it will not look for operational involvement and will allow the company to run itself, but will look to give "clear strategic input".
The other aspect of the package is that distributor Ingram Micro will take over Tulip's key asset, its new manufacturing plant in Holland, where it will manufacture PCs not just for Tulip itself but for other partners such as IBM and Compaq. Tulip will remain responsible for product development and will retain ownership of its brand.
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