Elekta inks $75M purchase agreement for CMS
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.
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.