Royal Philips Electronics has agreed to acquire the mammography equipment product line of Sectra AB, a Swedish provider of medical and secure communication systems. With this acquisition Philips will broaden its product portfolio with a digital, low-radiation mammography solution.
Under the terms of the agreement, Philips will pay a cash consideration of EUR 57.5 million to acquire Sectra’s mammography equipment business on a cash and debt-free basis. The agreement also includes an additional possible earn-out of EUR 12.5 million in accordance with specific terms and conditions. The closing of the transaction, which is subject to certain contractual and other closing conditions, is expected in the third quarter of 2011.
Sectra’s MicroDose Mammography solution will complement Philips’ offering in digital mammography and delivers high-quality breast images while exposing women to up to 50% less x-ray radiation dose than other digital mammography systems.
