Koninklijke Philips Electronics N.V. (Royal Philips Electronics) is the parent company of the Philips Group (Philips). Philips’ activities in the field of health and well-being are organized on a sector basis, which includes Healthcare, Consumer Lifestyle and Lighting. The Group Management & Services sector provides the operating sectors with support through shared service centers. During the year ended December 31, 2009, the activities related to Innovation & Emerging Businesses were reported under Group Management & Services. As of December 31, 2009, Philips had 127 production sites in 29 countries, and sales and service outlets in approximately 100 countries. During 2009, the Company acquired the companies, Saeco International Group S.p.A., Dynalite and Traxtal. In April 2009, the Company sold its 17% interest in Pace Plc. In February 2010, the Company acquired the Somnolyzer 24x7 automated scoring solutions business of the Siesta Group in Vienna, Austria.
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