Philips Acquires Intermagnetics
Dutch electrical appliances maker Philips has won permission from the European Commission to buy Intermagnetics, a maker of magnets and imaging tools, in a USD 1.3 billion deal.
The European Commission said an investigation found the tie-up would not damage competition in Europe, after examining whether the new company would be able to control the supply of radio-frequency coils to Philips' rivals that also make magnetic resonance imaging, or MRI, systems.
Read More on:SDA India
The European Commission said an investigation found the tie-up would not damage competition in Europe, after examining whether the new company would be able to control the supply of radio-frequency coils to Philips' rivals that also make magnetic resonance imaging, or MRI, systems.
Read More on:SDA India
posted by ITBusiness at 9:23 PM
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