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Philips Eyes M&A, Touts Informatics To Support HealthTech Ambition

The firm's $1.2 billion purchase of image-guided therapy company Volcano Corp in December 2014 has not put the brakes on Philips’ M&A activity; CEO van Houten alluded to the potential for similarly sized divisional bolt-ons in the coming years if the right candidates emerge

Philips CEO Frans van Houten told participants at its Capital Markets Day in London on Sept. 15 that the group is well on track with the legal separation of it cash-generative lighting business by January 2016, and is targeting an improved profile of performance in its HealthTech business.

Splitting off lighting is part of the firm's journey, began in 2011, to address underperformances in parts of its business....

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