Koninklijke Philips N.V.
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Publicatie datum
23 mei 2006 - 07:08
Statutaire naam
Koninklijke Philips N.V.
Titel
PHILIPS TO ACQUIRE MOTHER & BABY CARE PRODUCTS COMPANY AVENT HOLDINGS LTD.
Bericht
23 May 2006
PHILIPS TO ACQUIRE MOTHER & BABY CARE PRODUCTS COMPANY AVENT HOLDINGS LTD.
· Deal brings together AVENT – a leader in baby care, with Philips – a leader in electronics
· Complementary premium brands, sales channels and geographic scope expected to fuel future growth
· Move further expands Philips’ presence in consumer health & wellness
Amsterdam, the Netherlands and London, the United Kingdom – Royal Philips Electronics (NYSE:PHG, AEX:PHI) and AVENT Holdings Ltd. (“AVENT”) today announced Philips will acquire AVENT, a leading provider of baby and infant feeding products in the United Kingdom and the United States, with sales in more than 60 countries. Subject to receipt of regulatory approval, Philips will acquire AVENT from the private equity firm Charterhouse Capital Partners LLP for approximately £ 460 million (approximately EUR 675 million) to be paid in cash upon completion of the transaction. The transaction is expected to close in the third quarter of 2006, and AVENT will be integrated into Philips’ Domestic Appliances and Personal Care division.
“We view the health and well-being of mothers and infants as a key future market for Philips. Through this acquisition, we can build on Philips’ leading position in Europe in baby monitors to become a leading provider of products in this market,” said Mr. Andrea Ragnetti, CEO of Philips Domestic Appliances and Personal Care division. “AVENT is recognized as a premium mother and baby care brand, while Philips’ brand is strongly associated with healthcare and advanced electronics designed around the consumer. So together, we see an excellent opportunity for emerging as a strong player in this growing market,” Mr. Ragnetti added.
For the 12 months ending March 2006, AVENT reported sales of approximately £ 113 million (approximately EUR 165 million) – representing a growth in sales of 12% over the previous 12 months, and an operating margin of 22%. Philips anticipates the acquisition to be acc
Datum laatste update: 25 december 2025