Philips snaps up DLO
updated 01:30 pm EDT, Fri April 13, 2007
Philips Snaps Up DLO
Philips today announced that it would acquire Digital Lifestyle Outfitters for an undisclosed sum. The move will fold the South Carolina-based accessory maker into the Dutch company's Peripherals & Accessories unit and is expected to accelerate the already fast growth of the Philips branch through DLO's sales success, which topped $100 million in 2006 alone. The deal should be finalized later this spring.
DLO is best-known as an iPod accessory maker responsible for devices such as the Homedock Pro (shown) as well as FM transmitters and protective cases. Lately, the company has also expanded into Zune accessories, many of which are direct equivalents to its Apple devices converted for the Microsoft player.
No mention was made of restructuring or job changes as part of the acquisition.
