Philips NV is thought to be the leading contender considering buying indebted Italian coffee machine manufacturer Saeco, which is owned by private equity firm Pai Partners, a Reuters report said in early April. A clearer picture on a deal will have to wait for the end of April and developments on the renegotiation of Saeco's 560 million euros ($758 million) debt, the source said. (more...)
Royal Philips announced today that, hot on the heals of its Dynalite buyout, it has acquired New Zealand based Selecon, a prominent global designer, manufacturer and distributor of professional theatrical and architectural lighting fixtures. Read the rest of this entry »
Philips Announces 4 Products for ‘09
02 May
Posted by admin as Philips Electronics, Philips Products
Philips is opting out of CES this coming year and as a result they’ve already unveiled a few of their products for ‘09.
Let’s start with the Philips Streamium Network Music Players NP2500 and NP2900 (pictured above): Read the rest of this entry »
Philips Electronics NV, further deteriorate at the market in the first quarter of 2009. CEO Gerard Kleisterlee of the group said on Friday at the general shareholders’ meeting. Read the rest of this entry »
Royal Philips Electronics has acquired a 10 percent equity stake in Tendris Holding, a business incubator and operator in sustainable technology and services headquartered in the Netherlands. The partnership will explore new business opportunities in the area of sustainability. Read the rest of this entry »