Dutch electronics giant Philips is to buy US medical imaging company Volcano for €1bn, the company said in a statement on Wednesday.
Volcano produces catheter-based imaging and measurement equipment for cardiovascular applications. The deal will contribute to Philips’ strategy of focusing on image-guided therapy, the statement said
Philips has been building up a considerable portfolio of medical imaging equipment, used in keyhole surgery and other treatments.
The company says one in every three interventional X-ray systems now sold globally is a Philips system. The company announced in September plans to focus more on medical equipment and put its lighting operations up for sale.
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