Koninklijke Philips N.V.
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Publicatie datum
27 nov 2009 - 08:31
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips agrees to sell FIMI to Barco of Belgium
Bericht
November 27, 2009
PHILIPS AGREES TO SELL FIMI TO BARCO OF BELGIUM
Amsterdam, The Netherlands - Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced it has reached an agreement to sell the shares of FIMI to leading display technology company Barco NV (EURONEXT: BAR) headquartered in Kortrijk, Belgium. FIMI is a medical display provider that is currently part of Philips’ Healthcare business. The transaction value at closing, to be paid in cash, is EUR 19 million and the contract provides for an additional earn-out of EUR 10 million over the next five years. The transaction, which will have no material impact on EBITA, is subject to certain customary conditions being met and is expected to close around the end of 2009.
FIMI generated revenues of EUR 42 million in 2008, and employs around 80 permanent employees, predominantly based in Saronno, Italy. The divestment is in line with Philips Healthcare’s strategy to divest non-core activities and focus on expanding its growth platforms, such as Home Healthcare Solutions and Imaging Systems.
For more information, please contact:
Joon Knapen
Philips Corporate Communications
Tel: +31 20 59 77477
Email: joon.knapen@philips.com
Sergio Tonfi
Philips Italy
Tel: +39 039 2035855
Email sergio.tonfi@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs more than 118,000 employees in more than 60 countries worldwide. With sales of EUR 26 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting
Datum laatste update: 27 juli 2024