Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Philips to Acquire Intermagnetics
Jun 15, 2006
 Printable format
 Email this Article
 Search

Royal Philips Electronics today said it signed an agreement to acquire Intermagnetics General Corporation for U.S. $27.50 per share or a total equity value of approximately $1.3 billion. The Intermagnetics board unanimously approved the transaction, which is subject to regulatory approval and the approval of Intermagnetics' shareholders.

Intermagnetics develops high-field superconducting magnets used in magnetic resonance imaging (MRI) systems. It also provides specialized MRI-compatible patient monitoring devices and radio frequency (RF) coils that are predominantly supplied to hospitals. It employs approximately 1,150 people and is headquarters in Latham, New York, U.S., which will become the global headquarters of Philips' enlarged magnetic resonance business. Upon completion of the acquisition, Glenn H. Epstein will join Philips to lead the MRI business and the integration process. He will report to Steve Rusckowski, CEO of Philips Medical Imaging Systems.

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows