Digitizer firm finds new home

Vidar System, widely known as a manufacturer of medical film digitizers, has been acquired by Contex Holdings of Allerød, Denmark. Contex, a maker of large-format scanners, is owned by EQT, a group of Scandinavian private equity funds. Contex and Vidar have been competitors in the development and distribution of large-format image scanning equipment. Vidar has also established itself as the leading producer of medical x-ray digitizers for diagnosis and treatment applications. The merged company will have combined revenues for 2002 exceeding US$50 million. Strategists plan to focus on the medical imaging products segment, while Contex concentrates on large-format imaging applications. Vidar will continue to design, develop, and distribute its range of medical products under Vidar brand from its facility in Herndon, VA.