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Phillips Acquires Alpha X-Ray Technologies

September 9, 2008
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Amsterdam-based Royal Philips Electronics has reached an agreement to acquire Alpha X-Ray Technologies (Navi Mumbai, India), a manufacturer of cardiovascular X-Ray systems targeting the economy segment of the Indian market.

According to Philips, upon closing of this transaction in the fourth quarter of 2008 — which is subject to certain contractual and other conditions such as regulatory approvals — Alpha will become part of the cardiovascular X-Ray business within the company’s healthcare sector.

Financial details of the agreement were not disclosed.

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