Dutch electronics giant, Royal Philips Electronics, has confirmed plans to sell off its Speech Processing business to Invest AG. The PE fund is part of the Upper Austrian Raiffeisen Banking Group. Speech Processing has so far been a part of the Philips Consumer Lifestyle banner, operating directly under Lifestyle Entertainment division of the business. The acquisition of [...]

The Siesta Group of Vienna has reached a deal to sell its Somnolyzer 24×7 business to Royal Phillips Electronics. The company is active in the sleep disorder testing market, making a good fit for a Phillips portfolio that has been increasing its holdings in home health care and sleep diagnostics. The industry is expected to [...]