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Philips Deutschland GmbH Lübeckertordamm 5 20099 Hamburg, Germany http://www.philips.de
Contact Jayson Otke +31 20 597 7215
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Philips Deutschland GmbH

Philips completes completed of Witt Biomedical Corporation

(PresseBox) (Amsterdam, The Netherlands, )
Royal Philips Electronics (NYSE:PHG, AEX:PHI) announced today that it has completed its acquisition of Witt Biomedical Corporation, the largest independent supplier of hemodynamic monitoring and clinical reporting systems used in cardiology
catheterization laboratories (Cath Labs). Under the terms of the agreement, which was announced on March 8, 2006, Philips acquired Witt Biomedical for USD 165 million. As a result of the transaction, Witt Biomedical will be financially consolidated with immediate effect within the Cardio/Vascular X-Ray business of Philips' Medical Systems division.

About Royal Philips Electronics
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.