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Philips acquires medical lighting company Burton

Burton-Philips

August 20, 2010, Amsterdam, the Netherlands and Chatsworth, CA, USA – Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has acquired Burton Medical Products Corporation, a leading provider of specialized lighting solutions for healthcare facilities, from the Norwegian industrial group Glamox ASA. Alan Fullerton advised Glamox on the transaction, terms of the acquisition were not disclosed.

The acquisition will enable Philips to further strengthen its position as a provider of healthcare lighting solutions and as such, the business will become a part of the Professional Luminaires business group of Philips Lighting. Commenting on the acquisition, Marc de Jong, General Manager, Professional Luminaires, said: “The acquisition of Burton will add a range of specialized medical lighting solutions to our general lighting portfolio for the healthcare segment, while building further the position of Philips as a total solutions provider to the medical profession.”

Burton is a healthcare lighting manufacturer engaged in the business of designing, manufacturing and distributing high quality exam, diagnostic and minor surgery lighting equipment. Since its inception in 1928, Burton has been known for superior quality, exceptional value, and long-lasting solutions to complex lighting issues facing physicians and healthcare professionals.

Philips is the world’s leading lighting company and is also one of the world’s largest providers of healthcare equipment.

About Philips

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs more than 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.

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