Is Saeco owned by Philips?

## Is Saeco owned by Philips?

1. Is Saeco owned by Philips?

2. What is the relationship between Saeco and Philips?

## Is Saeco owned by Philips?

Yes, Saeco is owned by Philips. In 2009, Philips acquired the Italian coffee machine maker Saeco International Group, including all its subsidiaries. This acquisition allowed Philips to expand its business into the coffee industry and offer a wide range of coffee machines to its customers.

## What is the relationship between Saeco and Philips?

After the acquisition, Saeco became a subsidiary of Philips, operating as a separate brand within the company. Philips continued to use the Saeco brand to market its coffee machines, leveraging Saeco's reputation for quality and innovation in the coffee industry. Saeco's products are now distributed and sold under the Philips brand, with the combination of Saeco's expertise in coffee machines and Philips' technology and resources leading to the development of advanced and high-quality coffee machines for consumers around the world.

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