Philips is looking for acquisitions

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Philips is looking for acquisitions that can help the company in the field of medical equipment. That is what Frans van Houten, CEO, said in an interview with the Bloomberg news agency.

“We see many benefits in seamless integration between the devices and the visualization that the doctors are looking at,” said Van Houten. “I can therefore imagine that we are looking into further expansion of our device portfolio.”

Philips is no longer a light bulb company. Although Philips still has a consumer branch that makes toothbrushes and shavers, the emphasis is increasingly on high-quality devices for the medical world.

Van Houten also indicated that trade worries cost the company 45 million euros in profit this year, but that will not lead to problems with delivery to long-term partners in healthcare. “We will not let trade troubles get in the way of our promises to customers.”

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Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

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