Elekta inks $75M purchase agreement for CMS

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Elekta has signed a purchase agreement to acquire CMS for a total cash consideration representing an enterprise value of $75 million.

The initial offer was made in early January 2008, and the companies expect the transaction to close in March.

CMS, with several solutions in clinical use and a pipeline of advanced functionality in development, will contribute to Elekta’s strategy in radiation therapy planning, the Stockholm, Sweden-based Elekta said. CMS’s sales, marketing, product creation and support organizations will enable Elekta to accelerate the development of new solutions and bring them to market, Elekta said.

CMS, a St. Louis, Miss.-based developer of radiation therapy planning solutions, was owned primarily by a private equity fund, managed by the investment bank Brown Brothers Harriman. The company has 300 employees worldwide.