M&A Deal Summary

Philips Acquires Philips Ultrasound

On July 29, 1998, Philips acquired medical products company Philips Ultrasound for 800M USD

Acquisition Highlights
  • This is Philips’ 1st transaction in the Medical Products sector.
  • This is Philips’ 6th largest (disclosed) transaction.
  • This is Philips’ 1st transaction in the United States.
  • This is Philips’ 1st transaction in Washington.

M&A Deal Summary
Date 1998-07-29
Target Philips Ultrasound
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

Philips Ultrasound

Bothell, Washington, United States
Philips Ultrasound, Inc. is a global developer, manufacturer, distributor, and servicer of diagnostic medical ultrasound systems. The company serves customers in over 100 countries through 15 subsidiaries and an extensive distributor network. Philips Ultrasound, Inc. was formed in 1969 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands
Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

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.

DEAL STATS #
Overall 1 of 33
Sector (Medical Products) 1 of 13
Type (Add-on Acquisition) 1 of 28
State (Washington) 1 of 2
Country (United States) 1 of 19
Year (1998) 1 of 1
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-02-01 ASML Holding

Veldhoven, Netherlands

ASML Holding is a producer of lithography systems for the semiconductor industry. ASML manufactures complex machines that are critical to the production of integrated circuits or chips. ASML was incorporated in 1984 and is based in Veldhoven, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-24 Voice Control Systems

Dallas, Texas, United States

Voice Control Systems, Inc. is a speech recognition software company.

Buy -
Mergr

Product

Company

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