Analogic acquires minority stake in PhotoDetection Systems

AuntMinnie.com staff writers

May 22, 2003

Imaging technology developer Analogic of Peabody, MA, has bought a minority interest in PET developer PhotoDetection Systems (PDS) of Acton, MA. Analogic also obtained an exclusive technology license to use PDS’ proprietary PET technology within specific markets.

The companies plan on combining Analogic’s CT with PET technology from PDS to offer PET/CT systems for Analogic’s OEM customers. Analogic did not disclose the amount of the investment, nor the size of the stake the company has taken in PDS.

By AuntMinnie.com staff writers
May 23, 2003

Related Reading

Analogic expands facility, April 29, 2003

Analogic declares dividend, March 13, 2002

Analogic posts record Q2, March 12, 2003

Analogic selects Wood as president, March 11, 2003

Analogic to expand HQ, February 3, 2003

Copyright © 2003 AuntMinnie.com

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