Philips to buy VMI

AuntMinnie.com staff writers
Jun 5, 2007

Philips Medical Systems has reached an agreement to acquire Brazilian x-ray manufacturer VMI.

With the acquisition of Minas Gerais-based VMI, Philips will be able to offer customers in Brazil and across Latin America a more complete diagnostic imaging product portfolio, according to the Andover, MA-based firm. VMI of Minas Gerais participates in the analog and digital x-ray markets, as well as the cath lab, mammography, and ultrasound sectors, Philips said.

The deal, subject to regulatory approval, is expected to close in the second quarter of 2007. Financial details of the transaction were not disclosed.

By AuntMinnie.com staff writers
June 6, 2007

Related Reading

Philips forecasts 6% sales growth in 2007, June 1, 2007

Philips inks R&D pact with Organon, May 24, 2007

Philips, Traxtal team up, May 14, 2007

Philips upgrades EP intervention labs, May 10, 2007

Philips renews support for athlete heart screening, April 27, 2007

Copyright © 2007 AuntMinnie.com

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