Barco to buy Philips subsidiary FIMI for up to $43M
The total transaction cost at closing is EUR19 million ($28.4 million U.S.). The contract further provides for an additional earn-out of EUR10 million ($14.97 million U.S.) over the next five years. The transaction is subject to certain customary conditions being met.
Barco of Kortrijk, Belgium, said that the acquisition of FIMI will open up new sales and business opportunities in the medical display market, as well as point-of-care devices. Also, Barco said it was looking to develop its relationship with Philips Healthcare as a “global customer.”