Koninklijke Philips N.V.
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Publicatie datum
29 jan 2013 - 07:01
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips to transfer its Audio, Video, Multimedia and Accessories business to Funai
Bericht
•Philips Consumer Lifestyle to focus on Health and Well-being
•Transaction leverages Philips’ strong brand and innovation power with Funai’s supply and manufacturing capability
•Agreement ensures that Philips-branded audio and video innovations will continue to be available to consumers globally
Amsterdam, the Netherlands – Royal Philips Electronics (NYSE: PHG, AEX: PHIA) today announced that it has signed an agreement regarding the transfer of its Lifestyle Entertainment business (Audio, Video, Multimedia and Accessories) to Funai Electric Co., Ltd (TSE/OSE 6839). Under the terms, Funai will pay a cash consideration of EUR 150 million and a brand license fee, relating to a license agreement for an initial period of five and a half years, with an optional renewal of five years. The deal for the Audio, Multimedia and Accessories businesses is expected to close in the second half of 2013. The Video business will transfer in 2017, related to existing intellectual property licensing arrangements. The gain on the transaction will be recorded at the closing date.
Datum laatste update: 19 december 2025