August 28, 2016 11:30 AM ET

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Company Overview of Philips Electronics North America Corporation

Company Overview

Philips Electronics North America Corporation designs and manufactures consumer lifestyle, healthcare, and lighting products. The company provides televisions, Blu-ray and DVD players, pocket projectors, and home projectors; Fidelio audio, DJ equipment, headphones, home cinema sound, home audio, portable audio, app-enabled products, and in car audio products; accessories and multiroom systems; face shavers, face stylers and grooming kits, hair clippers, body groomers, axe, and accessories and replacements products for men; and skincare and hair removal products for women. It also offers electric toothbrushes, toothbrush heads, air flosses, fresh breath, and teeth whitening products; medical ...

3000 Minuteman Road

M/S 109

Andover, MA 01810-1032

United States

Founded in 1933

Phone:

978-659-3000

Fax:

978-794-7646

Key Executives for Philips Electronics North America Corporation

Chief Executive Officer
Age: 59
Chief Financial Officer
Chairman of the Simplicity Advisory Board, Chief Marketing Officer, Member of Group Management Committee and Chief Executive Officer of Consumer Lifestyle Sector
Age: 56
Chief Technology Officer, Member of Management Board and Executive Vice President of Royal Philips Electronics
Age: 70
Senior Vice President and Chief Legal Counsel
Compensation as of Fiscal Year 2016.

Philips Electronics North America Corporation Key Developments

Philips Electronics North America Corp. Wins $1,743,940.00 Federal Contract

Fargo VAMROC (Department of Veterans Affairs), Department of Veterans Affairs Medical and Regional Office Center, has awarded a $1,743,940.00 federal contract on May 3, 2016 for Tele ICU VISN 23/DoD Expansion. Contractor awardee is Philips Electronics North America Corp.

A Jury Returns Verdict in Favor of Masimo Corporation in Patent Infringement Suit Against Philips Electronics North America Corporation and Philips Medizin Systeme Böblingen GmbH

As previously reported, on February 3, 2009, Masimo Corporation (company) filed a patent infringement suit in the U.S. District Court for the District of Delaware against Philips Electronics North America Corporation and Philips Medizin Systeme Böblingen GmbH (collectively, Philips) related to Philips's FAST pulse oximetry technology and certain of Philips' patient monitors. Philips subsequently filed patent infringement, antitrust, and other counterclaims against the company. In mid-September 2014, the parties began a jury trial with respect to two of the patents asserted by the company and one of the patents asserted by Philips, these patents having been selected by the parties to be tried first. On October 1, 2014, a jury returned a verdict in favor of the company with respect to the two patents asserted by the company in this first phase and awarded damages of $466.8 million to the company. The jury found that the company did not infringe the Philips patent tried in the first phase.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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