Philips Mergers and Acquisitions Summary

Consumer ProductsCompany

Philips has acquired 37 companies, including 14 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 13 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 Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management 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%).

Join Mergr and gain access to Philips’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer products sector.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity33
    • M&A Sell Activity13
  • Total Sectors Invested 12
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 28
  • 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 incorporated in 1891 and is based in Amsterdam, the Netherlands.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.4/yr) # 26 2 - 2 3 - 33
vol $11.2B $2.8B $635M $14.7B
Sell (0.6/yr) # 10 - - 1 2 - 13
vol $2.1B $3.7B $5.8B
  46

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
Koninklijke Philips - Domestic Appliances Business 2021-03-25 3.7B USD Divestiture
Amsterdam, Netherlands
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 (15%) 33M (1%)
Electrical Equipment 3 (9%) 55M (< 1%) 1 (8%) -
Healthcare Services 3 (9%) - 1 (8%) -
Information Technology 3 (9%) 935M (6%) - -
Consumer Products 2 (6%) 708M (5%) 1 (8%) 3.7B (63%)
Internet Software and Services 2 (6%) - 1 (8%) -
Software 2 (6%) - 1 (8%) -
Technology Hardware 1 (3%) - 2 (15%) 107M (2%)
Semiconductors 1 (3%) 1.0B (7%) 1 (8%) 2.0B (34%)
Business Services 1 (3%) - - -
Manufacturing 1 (3%) - - -
Safety/Security 1 (3%) 130M (1%) - -
Communications - - 1 (8%) -
Consumer Services - - 1 (8%) -
Test/Measurement Equipment - - 1 (8%) -
Total 33 $14.7B 13 $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 -
  Washington 2 800M - -
  Maryland 2 300M - -
  Florida 2 - - -
  Oregon 1 37M 1 -
  Massachusetts 1 635M 1 -
  Texas 1 - - -
  New Jersey 1 130M - -
  Minnesota 1 - - -
  Georgia 1 - - -
  Colorado 1 1.9B - -
Netherlands 3 1.0B 7 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%) 7 (54%) 5.8B (99%)
Cross-border 30 (91%) 13.7B (93%) 6 (46%) 33M (1%)
Total 33 $14.7B 13 $5.8B

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Raptor Partners LLC
1
Moelis & Co.
1
Legal Deals
Norton Rose Fulbright LLP
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 Koninklijke Philips - Domestic Appliances Business
$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)
54%
7 (54%)
Strategic(s)
38%
5 (38%)

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