Del Global inks first eastern European order

Del Global Technologies and its Italian subsidiary, Villa Sistemi Medicali, announced that the government of Lithuania has awarded them an $8.25 million, two-year contract for a variety of x-ray systems.

Del Global manufactures general and portable x-ray systems, as well as dental and mammography units. It recently signed an agreement with the European Distribution Organization (SCAN, 8/2/00), granting the EDO the right to act as exclusive distributor of Del Global’s medical imaging systems.

Countries in the EDO include Poland, the Czech Republic, the Slovak Republic, Hungary, Greece, Romania, Turkey, Bulgaria, Yugoslavia, Russia, and others, such as Lithuania, in the Commonwealth of Independent States.

Del Global also announced that the FDA has approved marketing of Villa Sistemi’s dental imaging system in the U.S.

Del Global obtained a 19% stake in Villa Sistemi in January, along with the nonrevocable option to increase its ownership share to 80%, and decided to exercise that option in April (SCAN 5/10/00). Del Global is based in Valhalla, NY, while Villa Sistemi is based in Milan.