Indian X-ray aquisition
Royal Philips Electronics has reached an agreement to acquire India-based Alpha X-Ray Technologies, a manufacturer of cardiovascular X-ray systems, for an undisclosed fee.
Royal Philips Electronics has reached an agreement to acquire India-based Alpha X-Ray Technologies, a manufacturer of cardiovascular X-ray systems aimed at the economy segment of the Indian market.
Financial terms were not revealed.
The transaction, which is subject to certain contractual and other conditions, is expected to close in the fourth quarter of 2008 whereupon Alpha will become part of the Cardiovascular X-ray business within Philips Healthcare.
Today’s announcement follows the earlier acquisitions of healthcare companies Dixtal Biomédica e Tecnologia and VMI Sistemas Medicos in
Ronald de Jong, chief executive officer for emerging markets at Philips Healthcare, said: ‘The acquisition of Alpha is another great example of how Philips continues to strengthen its industrial and commercial footprint in emerging markets.
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