Philips has acquired Shanghai Apex Electronics Technology (Apex), a Chinese manufacturer of ultrasound transducers, for an undisclosed fee.
The acquisition strengthens Philips’ portfolio of high-quality transducers, which are vital in determining the image quality for ultrasound systems. Ultrasound is a widely used diagnostic procedure that provides a non-invasive and real-time method of observing soft tissue.
‘As healthcare infrastructure develops in emerging markets such as China, the need for imaging solutions in the value segment of the market is growing rapidly. Strengthening our ultrasound capabilities in these markets is essential, as ultrasound is a critical yet affordable and mobile modality for early diagnosis and real-time imaging,’ said Steve Rusckowski, chief executive officer of Philips Healthcare.
The acquisition is said to mark another step in Philips’ expanding presence in emerging markets, following the earlier acquisitions of Meditronics and Alpha X-Ray Technologies in India, Shenzhen Goldway Industrial in China, and VMI Sistemas Medicos and Dixtal in Brazil.
In 2009, Philips also announced the establishment of an industrial and research and development facility for imaging systems in Suzhou, China.
Most recently, in 2010, Philips acquired healthcare-informatics company Tecso Informatica in Brazil and established a partnership with medical-equipment manufacturer Electron for the development of healthcare products in Russia.