EC greenlights GE-Instrumentarium deal

AuntMinnie.com staff writers

Sep 2, 2003

The European Commission has cleared GE Medical Systems’ proposed acquisition of Finnish firm Instrumentarium, subject to conditions relating to Instrumentarium’s patient-monitoring operations. In order to get European Union regulatory approval, GE has undertaken to sell Instrumentarium’s Spacelabs business and to enter a series of supply agreements with its acquirer. GE will also ensure that its anesthesia equipment, patient monitors, and clinical information systems will interoperate with third-party devices, according to the commission.

As for the deal's impact on the radiology industry, the commission said it analyzed the potential effects of the merger on the mobile C-arm and mammography markets. However, "An in-depth investigation did not reveal any serious competition concerns, in particular in view of the significant position of competitors and other specific features of these markets," the commission said in a release.

By AuntMinnie.com staff writers
September 3, 2003
Related Reading

GE extends Instrumentarium offer, August 28, 2003

Instrumentarium Imaging sales dip, July 23, 2003

GE, EC continue talks over Instrumentarium deal, July 7, 2003

GE, Instrumentarium deal may be in trouble, April 4, 2003

GE bids to purchase Instrumentarium, December 18, 2002

Copyright © 2003 AuntMinnie.com

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