Philips to Acquire Brazilian Dixtal Biomedica e Tecnologia
Royal Philips ElectronicsPhilips Electronics~~ has reached an agreement to acquire Brazilian-based Dixtal Biomédica e Tecnologia (“Dixtal”), a leading Brazilian manufacturer of in-hospital patient monitoring, anesthesia, ventilation equipment, and ECGs (electrocardiogram), as well as other sensors for vital sign measurements. Dixtal will become part of the patient monitoring business within Philips’ Healthcare sector, and Philips expects Dixtal’s financial results will be consolidated in this business as of the third quarter of 2008. The terms of the deal were not disclosed.
The announcement marks another step Philips is taking to expand its presence in high-growth healthcare markets in emerging economies, following the company’s earlier announced acquisitions of healthcare companies Shenzhen Goldway Industrial in China and VMI Sistemas Medicos in Brazil.
Founded in 1978, Dixtal is a privately held healthcare company headquartered in São Paulo, Brazil. Dixtal employs approximately 300 people, mainly in Brazil, of which 60 work in research and development. Over the last four years, Dixtal has tripled its revenues. Following completion of the acquisition, growth is expected to accelerate further as Philips leverages Dixtal’s strong contacts to local hospitals and distributors, while Dixtal capitalizes on Philips’ global presence for its products. Philips has an extensive presence in critical care through its leading position in the global patient monitoring market, which in 2007 was estimated to be approximately $3 billion or approximately EUR 2 billion.
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