Sectra AB has completed its acquisition of Mamea Imaging AB. The company this week also sold the operations of DARC wireless information systems within Sectra Wireless Technologies AB to Axentia Technologies AB.
The Swedish IT company this week acquired 5,260 shares in Mamea from Life Equity Sweden KB. Sectra says the acquisition has no material effect on its earnings and financial position.
"As a result of the acquisition, we have completed the alignment of the ownership structure in Mamea Imaging AB," said Jan-Olof Brüer, CEO and President of Sectra AB. "The acquisition of Mamea is part of our increased focus on the mammography market, where our aim is to become established as a leading player with our mammography screening system, Sectra MicroDose Mammography."
Mamea was founded in 1999 by a research group at the Royal Institute of Technology in Stockholm and Sectra. The company has developed a new type of digital radiology detector that combines high image quality with minimal radiation dosage.
Concurrent with the Sectra-Axentia agreement, the new owner will further develop these operations for existing and new customers. Axentia is owned by a group of five former Sectra personnel.
Sectra says its Wireless Technologies' operations accounted for less than 1 percent of consolidated sales in FY 03/04 and the divestment of these operations will not have any significant impact on Sectra's earnings or financial position. The contract includes a supplemental purchase price, whereby Sectra says it will receive a percentage of any profit reported by Axentia during the next five years.