Philips Further Expands Healthcare Business In Emerging Markets By Acquiring India-Based Meditronics
Royal Philips Electronics announced it has reached an agreement to acquire India-based Meditronics, a leading manufacturer of General X-Ray systems targeting the economy segment in India. Upon closing of this transaction in the fourth quarter of 2008, which is subject to certain contractual and other conditions such as regulatory approvals, Meditronics will become part of the Imaging Systems business within Philips’ Healthcare sector. Financial details of this agreement were not disclosed. [more...]
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