• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Siemens acquires magnet maker

Article

Oxford Magnet Technology will become a wholly owned subsidiary of Siemens Medical Systems late next year. Siemens, which holds a 51% stake in the British company, plans to purchase the remaining shares in a deal valued at $15.5 million, according to a

Oxford Magnet Technology will become a wholly owned subsidiary of Siemens Medical Systems late next year. Siemens, which holds a 51% stake in the British company, plans to purchase the remaining shares in a deal valued at $15.5 million, according to a Nov. 11 company announcement. Siemens will exercise its right to the buyout under a 1989 joint venture agreement with Oxford Instruments. The buyout is expected to occur when the initial 15-year term of the joint venture ends in September 2004. The transaction includes cash and the ongoing use by Oxford Instruments of certain intellectual property. It is subject to formal regulatory approval under German competition law. Oxford Magnet Technology was founded in 1982 to commercialize proprietary technology for MR magnets and accessories.

Related Videos
Emerging Research at SNMMI Examines 18F-flotufolastat in Managing Primary and Recurrent Prostate Cancer
Could Pluvicto Have a Role in Taxane-Naïve mCRPC?: An Interview with Oliver Sartor, MD
New SNMMI President Cathy Cutler, PhD, Discusses Current Challenges and Goals for Nuclear Medicine
Where the USPSTF Breast Cancer Screening Recommendations Fall Short: An Interview with Stacy Smith-Foley, MD
A Closer Look at MRI-Guided Transurethral Ultrasound Ablation for Intermediate Risk Prostate Cancer
Improving the Quality of Breast MRI Acquisition and Processing
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Related Content
© 2024 MJH Life Sciences

All rights reserved.