GE completes Parallel Design purchase

AuntMinnie.com staff writers
Dec 5, 2000

GE Medical Systems has completed its acquisition of transducer supplier Parallel Design. Terms of the transaction were not disclosed.

Waukesha, WI-based GE believes the addition will help it exceed ultrasound revenues of $750 million in 2001. GE expects to have approximately $660 million in ultrasound revenues this year.

As part of the acquisition, GE will establish a global transducer center of excellence at Parallel Design’s headquarters in Phoenix.

By AuntMinnie.com staff writers
December 6, 2000

Related Reading

GE to acquire Parallel Design, October 19, 2000

Copyright © 2000 AuntMinnie.com

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