Digital x-ray device developer AFP Imaging of Elmsford, NY, has entered into a definitive agreement to acquire Quantitative Radiology (QR) of Verona, Italy, a supplier of the NewTom 3G, a 3D dental CT device.
QR also has internally developed and owns its proprietary, image reconstruction algorithms and software. AFP is the exclusive scanner distributor in North and South America (excluding Brazil) for Quantitative Radiology.
AFP plans to integrate the R&D and manufacturing activities, as well as manage the worldwide distribution of all QR products and software. The transaction is expected to close in the next 30 to 45 days.
By AuntMinnie.com staff writers
February 27, 2007
Related Reading
AFP posts profitable Q2, February 9, 2007
AFP initiates stock buy back, December 13, 2006
AFP increases revenues, losses in Q1, November 15, 2006
AFP shows strong Q4, year-end sales, September 20, 2006
AFP bids for Quantitative Radiology, June 7, 2006
Copyright © 2007 AuntMinnie.com
