Philips to look for deals in healthtech in 2017-18, head M&A says (translated)
The major Dutch electronics company Philips expects to expand its activities in the healthtech industry in 2017 and 2018, Philips head of Mergers and Acquisitions Stewart McCrone told the Dutch financial news site Mena.nl in an interview.
McCrone said Philips has the ambition to become a major player in the healthtech world, through organic and inorganic growth. McCrone expects Philips will make a number of smart deals that will fit in the portfolio of the company in the coming two years. In the interview, the head of M&A said he is confident that Philips will do a few more deals in 2017 and 2018.
McCrone also said that the money made by the divestment of Lumileds will be used to make deals in the healthtech industry.