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Philips to move headquarters from Andover to Cambridge

Philips NV said it will lease about two-thirds of a 430,000-square-foot office and lab building at Cambridge Crossing for about 2,000 employees. –Philips

The Dutch health care technology company Philips NV plans to relocate its North American headquarters from Andover to Cambridge, bringing with it about 2,000 employees.

The company said Thursday that in 2020 it will set up shop in a building now under construction at Cambridge Crossing, a large development underway on the Cambridge-Somerville-Boston line. About 300 ultrasound system manufacturing workers will remain in one building at the company’s Andover campus.

Philips is the latest major life sciences firm to relocate in and around booming Kendall Square, and the latest in a string of companies to leave behind suburban campuses for a spot in the core of Greater Boston.

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