Philips - M&A Summary and Business Overview

Consumer ProductsCompany

Philips M&A Summary

Philips has acquired 37 companies, including 5 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 15 assets.

Philips’ largest acquisition to date was in 2007, when it acquired Respironics for $5.1B. It’s largest disclosed sale occurred in 2021, when it sold Versuni to Hillhouse for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (40%) and electrical equipment (10%).

Philips Business Overview

Where is Philips headquartered?

Philips is headquartered in Amsterdam, Netherlands.

What is Philips’ revenue?

Philips disclosed revenue of 18,169M EUR for 2023 and 17,827M EUR for 2022.

How many employees does Philips have?

Philips has 69,062 employees.

What sector is Philips in?

Philips is a consumer products company.

When was Philips founded?

Philips was founded in 1891.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity33
    • M&A Sell Activity15
  • Total Sectors Invested 12
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 27
  • M&A Advisors 4

Philips

Koninklijke Philips N.V.

Philips Center Amstelplein 2,
Amsterdam, 1096 BC
Netherlands,
+31 20 597 7777
www.philips.com

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 28 2 3 - - - 33
vol $11.2B $2.8B $635M $14.7B
Sell (0.6/yr) # 12 1 2 - - - 15
vol $2.1B $3.7B $5.8B
  48

Most Recent M&A

Company Date Value Type
Vesper Medical, Inc. 2021-12-14 - Add-on Acquisition
Wayne, Pennsylvania · www.vespermedical.com
Cardiologs Technologies SAS 2021-11-08 - Add-on Acquisition
Paris, France · www.cardiologs.com
Koninklijke Philips - Aging and Caregiving (ACG) business 2021-05-05 - Divestiture
Amsterdam, Netherlands
Versuni 2021-03-25 3.7B USD Divestiture
Amsterdam, Netherlands · www.versuni.com
Capsule Technologies, Inc. 2021-01-19 635M USD Add-on Acquisition
Andover, Massachusetts · www.capsuletech.com
BioTelemetry, Inc. 2020-12-18 2.8B USD Add-on Acquisition
Malvern, Pennsylvania · www.gobio.com
Intact Vascular, Inc. 2020-08-27 - Add-on Acquisition
Wayne, Pennsylvania · www.intactvascular.com
Electrical Geodesics, Inc. 2020-07-02 - Divestiture
Eugene, Oregon · www.egi.com
Xhale Assurance, Inc. 2018-08-29 - Add-on Acquisition
Gainesville, Florida · www.xhale.com
NightBalance B.V. 2018-05-08 - Add-on Acquisition
The Hague, Netherlands · www.nightbalance.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Volcano Corp. 2015-02-17 AXSUN Technologies, Inc. 2018-12-12 1
San Diego, California · www.volcanocorp.com Billerica, Massachusetts · www.axsun.com
North American Philips Corp.    - Digirad Corp. - MDSS Service 2017-12-27 1
Andover, Massachusetts · www.usa.philips.com Suwanee, Georgia
Philips & Lite-On Digital Solutions Corp.    - Philips & Lite-On Digital Solutions - Display and Electronic Components Business Units 2015-02-03 1
Taipei, Taiwan · www.pldsnet.com Hsinchu, Taiwan
Respironics, Inc. 2007-12-21 CHAD Transfilling Oxygen business 2008-03-06 1
Murrysville, Pennsylvania · www.respironics.com , United States
Lifeline Systems, Inc.    - HealthWatch, Inc. 2007-05-01 1
Framingham, Massachusetts · www.lifeline.philips.com Atlanta, Georgia · www.health-watch.com

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 13 (39%) 11.8B (81%) 2 (13%) 33M (1%)
Electrical Equipment 3 (9%) 55M (< 1%) 1 (7%) -
Healthcare Services 3 (9%) - 1 (7%) -
Technology Hardware 1 (3%) - 3 (20%) 107M (2%)
Information Technology 3 (9%) 935M (6%) - -
Consumer Products 2 (6%) 708M (5%) 1 (7%) 3.7B (63%)
Internet Software and Services 2 (6%) - 1 (7%) -
Software 2 (6%) - 1 (7%) -
Semiconductors 1 (3%) 1.0B (7%) 1 (7%) 2.0B (34%)
Business Services 1 (3%) - - -
Manufacturing 1 (3%) - - -
Safety/Security 1 (3%) 130M (1%) - -
Communications - - 1 (7%) -
Consumer Services - - 1 (7%) -
Machinery - - 1 (7%) -
Test/Measurement Equipment - - 1 (7%) -
Total 33 $14.7B 15 $5.8B

By Geo

State/Country Buy Value Sell Value
United States 19 12.9B 3 -
  Pennsylvania 4 7.9B - -
  California 2 1.2B 1 -
  Maryland 2 300M - -
  Florida 2 - - -
  Washington 2 800M - -
  Oregon 1 37M 1 -
  Massachusetts 1 635M 1 -
  New Jersey 1 130M - -
  Minnesota 1 - - -
  Georgia 1 - - -
  Colorado 1 1.9B - -
  Texas 1 - - -
Netherlands 3 1.0B 9 5.8B
Italy 2 - 1 33M
United Kingdom 3 708M - -
Australia 1 - - -
Austria - - 1 -
Belgium 1 - - -
Brazil - - 1 -
Canada 1 55M - -
  British Columbia 1 55M - -
France 1 - - -
Saudi Arabia 1 - - -
Spain 1 - - -
Domestic 3 (9%) 1.0B (7%) 9 (60%) 5.8B (99%)
Cross-border 30 (91%) 13.7B (93%) 6 (40%) 33M (1%)
Total 33 $14.7B 15 $5.8B

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Raptor Partners LLC
1
Moelis & Co.
1
Legal Deals
Norton Rose Fulbright
1

Deal Values

buy # Total
> $1B 5 $12.0B
$100M to $1B 5 $2.6B
< $100M 2 $92M
TOTAL $14.7B
Largest Respironics, Inc.
$5.1B (2007-12-21)
sell # Total
> $1B 2 $5.7B
$100M to $1B 1 $107M
< $100M 1 $33M
TOTAL $5.8B
Largest Versuni
$3.7B (2021-03-25)

M&A Connections

Deals
Acquired from
Investor(s)
30%
10 (30%)
Strategic(s)
9%
3 (9%)
Divested to
Investor(s)
47%
7 (47%)
Strategic(s)
33%
5 (33%)

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