Philips Acquires EPD Solutions for Up to EUR460 Million -- Deal Digest
June 05 2018 - 2:18AM
Dow Jones News
By Carlo Martuscelli
ACQUIRER: Koninklijke Philips NV (PHIA.AE)
TARGET: EPD Solutions, a provider of heart-imaging technology
for the medical sector
PRICE: 250 million euros ($292 million) in cash, and up to
EUR460 million when including deferred milestone payments
STATUS: Agreement signed
EXPECTED CLOSE: July
RATIONALE: Philips says the deal is in line with its plans to
expand its image-guided therapy portfolio
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
June 05, 2018 02:03 ET (06:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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