Philips Buys TomTec Imaging for Undisclosed Sum
July 18 2017 - 2:56AM
Dow Jones News
Royal Philips NV (PHIA.AE) is acquiring TomTec Imaging Systems
GmbH, a provider of intelligent image analysis software, especially
for diagnostic ultrasound for an undisclosed sum.
The Dutch health-technology company said Tuesday that it has
signed an agreement to buy TomTec to help Philips' leadership
position in cardiac ultrasound, and support the company's further
expansion in other clinical areas, such as obstetrics and
gynecology.
Completion of the transaction is expected later Tuesday.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
July 18, 2017 02:41 ET (06:41 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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