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CTI acquires BGO firm
Cyclotron developer CTI of Knoxville, TN, last month acquired Advanced Crystal Technology from Nihon Kessho Koogaku, a subsidiary of Mitsui Mining and Smelting. The deal helps CTI expand its PET imaging product portfolio, and gives it increased access to
Cyclotron developer CTI of Knoxville, TN, last month acquired Advanced Crystal Technology from Nihon Kessho Koogaku, a subsidiary of Mitsui Mining and Smelting. The deal helps CTI expand its PET imaging product portfolio, and gives it increased access to bismuth germanate (BGO), a key detector component in PET devices. ACT is the primary supplier of BGO to CTI PET Systems, the joint venture between CTI and Siemens Nuclear Medicine Group of Hoffman Estates, IL.
ACT is based in Rockford, TN, and was established in 1988. CTI will keep existing ACT employees at the Rockford site, but will move the companys marketing and R&D operations to CTIs corporate offices in Knoxville.