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Thursday, July 30, 2009

Philips buy coffe machine maker Saeco

Holland most established electric consumer, Royal Philips Electronics NV has bought Italian espresso machine maker Saeco International Group SpA.

Saeco, the Europe's largest maker of espresso machines were sold around Euro 170 million. Philips will pay the company's creditors the entire EURO 170 million with an additional EURO 30 million due 'dependent on certain conditions'.
- AP..

Another takeover in this years.. Maybe Saeco can't afford the debt they have ...

Pic from Trinacoffesystem. Will Philips stay with Saeco name or change to more Holland name?/ Do you think this post is informative??Share this:
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