Royal Philips Electronics today announced it has reached an agreement to acquire Brazilian-based Dixtal Biomédica e Tecnologia, a leading manufacturer of in-hospital patient monitoring, anesthesia, ventilation equipment, and ECG (electrocardiogram) as well as other sensors for vital sign measurements.

In a move to bolster its presence in high-growth emerging markets, Philips will incorporate Dixtal into its Patient Monitoring business within Philips’ Healthcare sector. With the agreement, Philips’ also aims to expand its presence in the global medical equipment market for critical care.

Philips expects Dixtal’s financial results will be consolidated in this business as of the third quarter of 2008.

Terms of the deal were not disclosed.

The transaction follows the company’s earlier announced acquisitions of healthcare companies Shenzhen Goldway Industrial in China and VMI Sistemas Medicos in Brazil.