Alpha X-Ray Technologies Purchased
Alpha X-Ray Technologies and Philips Royal Electronics completed an acquisition deal. Alpha is the primary manufacturer of x-ray systems for cardiovascular disease assessment used in India. The financial details of the deal were not shared with the public.
Alpha will be integrated into Philips Healthcare, into the Cardiovascular X-Ray business. Philips hopes to further expand their presence in foreign and emerging markets with this purchase. An additional benefit is capturing a larger segment of the market for cardiovascular system throughout the world.
Philips cites an interest in further expanding its presence in India. An additional goal is offering affordable healthcare solutions. Both organic and inorganic opportunities will be explored to continue growing this business.
September 8, 2008 Related topics: Mergers & Acquisitions