M&A Deal Summary

Philips Acquires Volcano

On February 17, 2015, Philips acquired medical products company Volcano for 1.2B USD

Acquisition Highlights
  • This is Philips’ 5th transaction in the Medical Products sector.
  • This is Philips’ 4th largest (disclosed) transaction.
  • This is Philips’ 8th transaction in the United States.
  • This is Philips’ 2nd transaction in California.

M&A Deal Summary
Date 2015-02-17
Target Volcano
Sector Medical Products
Buyer(s) Philips
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Goldman Sachs (Financial)

Target

Volcano

San Diego, California, United States
Volcano Corp. is a provider of imaging and measurements for minimally invasive diagnostics and treatment of coronary artery disease and peripheral vascular disease.

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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 16 of 33
Sector (Medical Products) 5 of 13
Type (Add-on Acquisition) 11 of 28
State (California) 2 of 2
Country (United States) 8 of 19
Year (2015) 1 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 General Lighting Company

Riyadh, Saudi Arabia

General Lighting Company Ltd. is the largest lighting fixtures manufacturer and supplier, manufactures a broad range of indoor, outdoor and industrial lighting products. In addition, the company represents leading international lighting brands and provides complete lighting solutions to its clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Blue Jay Consulting

Orlando, Florida, United States

Blue Jay Consulting LLC is a provider of consulting services to hospital emergency departments.

Buy -
Mergr

Product

Company

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