Esaote completes Pie acquisition

April 29, 1998

Italian biomedical firm Esaote of Genoa has completed its acquisition of Pie Medical from Philips Medical Systems of Best, the Netherlands (SCAN 2/4/98). Pie paid $21.3 million for Pie, which is based in Maastricht, the Netherlands, and

Italian biomedical firm Esaote of Genoa has completed its acquisition of Pie Medical from Philips Medical Systems of Best, the Netherlands (SCAN 2/4/98). Pie paid $21.3 million for Pie, which is based in Maastricht, the Netherlands, and specializes in low-end ultrasound scanners. Pie will continue to supply Philips with ultrasound products for the next three years under a newly signed OEM agreement.