News | July 29, 2010

Philips Acquires Chinese Ultrasound Maker

July 30, 2010 - Royal Philips Electronics acquired a leading Chinese manufacturer of ultrasound transducers.

The acquisition of Shanghai Apex Electronics Technology Co. Ltd. strengthens Philips’ portfolio of transducers specifically aimed at the value segment in emerging markets.

The acquisition marks another step in Philips’ expanding presence in emerging markets, following the earlier acquisitions of Meditronics and Alpha X-Ray Technologies in India, Shenzhen Goldway Industrial in China and VMI Sistemas Medicos and Dixtal in Brazil.

In 2009, Philips also announced the establishment of an industrial and R&D facility for imaging systems in Suzhou, China. Most recently, in 2010, Philips acquired health care informatics company Tecso Informatica in Brazil and established a partnership with medical equipment manufacturer Electron for the development of health care products in Russia.

For more information: www.philips.com/newscenter

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