11/8/2002 - Analogic announced that it has acquired the Siemens-owned Sound Technology transducer unit (often referred to as STI) from Siemens Medical Solutions Ultrasound Division. STI, which employs approximately 110 people at its 27,000 sq. ft. facility in State College, PA, produces linear and tightly curved array ultrasound transducers and probes for a broad range of clinical applications that are supplied to medical equipment companies worldwide.
Bernard Gordon, Chairman of the Board and CEO of Analogic said, "Acquisition of this leading transducer supplier significantly strengthens Analogicís ability to serve the medical ultrasound market. The acquisition will enable Analogic and STI to pursue new business opportunities with their highly competitive products and to support STIís current OEM customers."
"We believe that Analogic will offer Sound Technology and its products additional growth in the OEM market through its proven sales channels," commented John Pavlidis, president of the Siemens Medical Solutions Ultrasound Division. "We also look forward to a continued relationship with STI as a customer of their exceptional ultrasound transducers."
STI will remain as a preferred supplier of selected transducers to Siemens and Siemens will continue to deliver parts and products to STI. Siemens reports that the sale of this unit will allow the company to focus on its core competencies from a global perspec-tive.
Terms of the acquisition agreement were not disclosed.
Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), Patient Monitoring, Cardiovascular Information Management, and Embedded Multiprocessing. Analogic is an OEM supplier of advanced ultrasound systems and subsystems. Its B-K Medical subsidiary, based in Denmark, is the leading supplier of ultrasound systems and transducers primarily for the urology and surgery markets worldwide.
Siemens Medical Solutions of Siemens AG (NYSE: SI) with headquarters in Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is renowned for its innovative products, including imaging systems for diagnosis, therapy equipment for treatment, hearing instruments, and critical care and life support systems, as well as a wide array of information technology and data management solutions that optimize workflow and increase efficiency in hospitals, clinics and doctors' offices. The company is known as the premiere health information application service provider processing more than 136 million transactions daily and managing more than 86 terabytes of data Ė twice the information volume of the Library of Congress. Employing approximately 30.000 people worldwide, the company reported sales of 7.2 billion EUR, orders of 8.4 billion EUR and EBITA of 808 million EUR in fiscal 2001 (September, 30).
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: