Philips announced today that it will take over Digital Lifestyle Outfitters (DLO), folding the iPod accessory maker into its Peripherals & Accessories unit.
“Through this deal, Philips will become a leading player in peripherals and accessories for the mobility domain, which will further strengthen Philips’ contacts to key international retailers—relationships based on solid category management and operational excellence,” Philips said in a statement.
“DLO’s position as a leader in the field of MP3 accessories complements Philips’ strong position in the headphones category.”
Philips said DLO had sales of approximately $100 million in 2006, and that the company is expected to make a positive contribution to operating margins in Philips’ Peripherals & Accessories business unit.
