Philips to Grow its Presence in the Anesthesia Market with the Acquisition of Dameca

Royal Philips ElectronicsRoyal Philips Electronics (AEX: PHI, NYSE: PHG) has acquired Dameca, a global provider of anesthesia machines and accessories for the operating room. This acquisition marks an important step in the execution of Philips' strategy to expand its portfolio with integrated, advanced anesthesia care solutions.

Along with Philips' expertise and well-established position in patient monitoring, interventional imaging systems, and clinical informatics solutions, Dameca further broadens Philips' current portfolio and provides opportunity for innovation in such areas as anesthesia-related clinical decision support. Philips currently offers anesthesia machines in select countries through Dixtal Medical, which Philips acquired in 2008.

"The acquisition of Dameca is a proofpoint of Philips' growth strategy and ambitions to expand our anesthesia care offerings by combining our strengths in patient monitoring, therapeutic care, and clinical informatics," said Steve Rusckowski, CEO for Philips Healthcare. "Dameca's anesthesia machines are a significant complement to our current operating room portfolio and will enable us to offer an integrated solution that will simplify clinician workflow, improve financial outcomes for our customers, and help improve patient care."

Headquartered in Copenhagen, Denmark, Dameca was founded in 1947 and is a privately held company with approximately 70 employees. Its current product line includes anesthesia machines, wall panels, pendant systems, flow meters, suction units, and other accessories. The company uses direct sales channels in the Nordic countries, and serves over 60 countries globally through distributors. Financial terms of the acquisition were not disclosed.

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About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs 119,000 employees in more than 60 countries worldwide. With sales of EUR 25.4 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare.

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