Page last updated at 09:56 GMT, Monday, 25 May 2009 10:56 UK

Philips brews up deal with Saeco

Senseo coffee machine
Senseo is one of a number of machines which uses 'coffee pods'

Philips, the electronics firm behind the Senseo brand of coffee makers has agreed to buy the espresso machine firm, Saeco.

The deal will bring together two of Europe's biggest names in the automatic coffee machine world.

Saeco, which also makes machines under its Gaggia brand, has 30% of the European market.

Philips said the deal was reliant on an agreement with Saeco's banks over Saeco's outstanding debt.



Print Sponsor


SEE ALSO
Downturn hits profits at Philips
14 Apr 09 |  Business
George Clooney's favourite coffee
05 Mar 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific