Koninklijke Philips N.V.
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Publicatie datum
21 nov 2008 - 07:16
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips further expands Healthcare business in emerging markets by acquiring India-based Meditronics
Bericht
November 21, 2008
PHILIPS FURTHER EXPANDS HEALTHCARE BUSINESS IN EMERGING MARKETS BY ACQUIRING INDIA-BASED MEDITRONICS
Acquisition leads to significant expansion of Philips Healthcare's industrial and commercial footprint in India
Fifth consecutive acquisition of Philips Healthcare in emerging markets since mid-2007 and the second acquisition in India within the last three months
Amsterdam, the Netherlands and Mumbai, India – Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced it has reached an agreement to acquire India-based Meditronics, a leading manufacturer of General X-Ray systems targeting the economy segment in India. Upon closing of this transaction in the fourth quarter of 2008, which is subject to certain contractual and other conditions such as regulatory approvals, Meditronics will become part of the Imaging Systems business within Philips’ Healthcare sector. Financial details of this agreement were not disclosed.
Today's announcement marks Philips' growing presence in high-growth healthcare markets in emerging economies, and follows the earlier acquisitions of healthcare companies Alpha X-Ray Technologies in India, Chinese Shenzhen Goldway Industrial and Dixtal Biomédica e Tecnologia and VMI Sistemas Medicos in Brazil. In commenting on the deal, Philips Chief Executive Officer Gerard Kleisterlee said: "The acquisition of Meditronics, just two months after we announced the acquisition of Alpha, highlights our accelerating efforts to expand our healthcare business in emerging markets and India in particular. This underlines our conscious decision to step up investments in these high-growth areas while also delivering on our commitment to supply affordable healthcare solutions in emerging markets."
Meditronics' high-quality proven economy segment product portfolio complements Philips' existing high-end General X-Ray range and further strengthens Philips' leading position in India's high-growth imaging and monitoring equipment market. Ana
Datum laatste update: 27 juli 2024