GE completes Kretztechnik acquisition

AuntMinnie.com staff writers
Oct 10, 2001

GE Medical Systems has completed its acquisition of Austrian 3-D ultrasound developer Kretztechnik. GE has acquired the approximately 65.4% share of the firm held by Medison, and as of Oct. 10 had accepted for purchase an additional 27.1% of shares outstanding tendered from public shareholders.

Waukesha, WI-based GE intends to acquire the remaining shares of Kretztechnik and run the firm as a wholly owned subsidiary.

By AuntMinnie.com staff writers
October 11, 2001

Related Reading

GE debuts two ultrasound scanners, October 10, 2001

GE to enhance ultrasound line with Kretztechnik purchase, August 15, 2001

GE beefs up 3-D position with EchoTech buy, April 13, 2001

Copyright © 2001 AuntMinnie.com

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