Philips Health Technology

Philips, officially known as Koninklijke Philips N.V., is a Dutch multinational corporation founded in 1891 in Eindhoven, Netherlands. Initially established to produce light bulbs, Philips expanded its product range over the decades to include a wide array of consumer electronics, medical equipment, and lighting solutions. In the 1980s and 1990s, the company strategically shifted its focus towards medical devices, acquiring businesses such as Gould, Inc.'s X-ray and diagnostic imaging division, Agilent Technologies' Healthcare Solutions, and Respironics, a leader in sleep and respiratory care. This transition culminated in 2013 when Philips rebranded itself as Royal Philips N.V., reflecting its commitment to health technology. The company operates globally, with manufacturing and marketing subsidiaries across various countries. As of 2024, Philips reported revenues of €18.02 billion and employed approximately 68,419 individuals worldwide. (en.wikipedia.org)