Agfa HealthCare parent Agfa-Gevaert has decided to split into three independent businesses: HealthCare, Graphics, and Materials.
Agfa said the structure will give each business the maximum flexibility to implement its growth strategy and further reduce costs. The move is expected to produce annual cost savings of an estimated 250 million euros ($314.3 million U.S.) by 2008, according to the Mortsel, Belgium-based vendor.
HealthCare has already been operationally independent since the beginning of 2006, Agfa said. The Materials group, which will handle film manufacturing activities, will manufacture film and related products on an exclusive basis for Graphics and HealthCare, as well as for third parties.
Agfa-Gevaert will operate as a holding company for the three businesses. Agfa HealthCare said it will continue to invest in the international rollout of its hospital IT platform, and expects to achieve revenues of at least 1.7 billion euros ($2.14 billion U.S.) by 2008.
By AuntMinnie.com staff writers
June 28, 2006
Related Reading
Agfa inks French Orbis deal, June 15, 2006
Agfa signs Greenville Hospital System, June 2, 2006
Agfa, Sonix HealthCare partner, June 1, 2006
Agfa wins Canadian PACS deal, May 23, 2006
Agfa sales up on IT strength, May 17, 2006
Copyright © 2006 AuntMinnie.com
