Philips acquires Shenzhen Goldway

Electronics giant Philips announced an agreement on Friday for the acquisition of all outstanding shares in the Chinese patient monitoring devices manufacturer Shenzhen Goldway.

No financial details were disclosed but the transaction is expected to finalised in the second quarter of 2008.
Shenzhen Goldway is of interest to Philips because the Chinese healthcare market is estimated to be growing at around 10% a year.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation