Philips Electronics plans to take over US iPod peripheral manufacturer, Digital Lifestyle Outfitters, (DLO).

The company confirmed the news this morning, but declined to share the terms of the deal, which is expected to complete by the end of June.

DLO realized sales of approximately $100 million in 2006, a Reuters report explains. The company us likely to be integrated into the peripherals and accessories arm of Philips' Consumer Electronics division.