M&A Deal Summary

Philips Acquires Voice Control Systems

On June 24, 1999, Philips acquired internet software and services company Voice Control Systems

Acquisition Highlights
  • This is Philips’ 1st transaction in the Internet Software and Services sector.
  • This is Philips’ 2nd transaction in the United States.
  • This is Philips’ 1st transaction in Texas.

M&A Deal Summary

Date 1999-06-24
Target Voice Control Systems
Sector Internet Software and Services
Buyer(s) Philips
Deal Type Add-on Acquisition

Target

Voice Control Systems

Dallas, Texas, United States
Voice Control Systems, Inc. is a speech recognition software company.

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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 2 of 33
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 2 of 28
State (Texas) 1 of 1
Country (United States) 2 of 19
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-29 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.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Heartstream

Seattle, Washington, United States

Heartstream, a maker of portable heart defibrillators designed to improve survival rates from sudden cardiac arrest.

Buy -