Titanium to acquire China Medical Systems

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Titanium Group, a San Jose, Calif.-based provider of biometric and security services, has signed a letter of intent to acquire China Medical Systems Holdings of Shenzhen, China, which focuses on software systems for 3D medical imaging, including virtual endoscopy and 3D virtual radiotherapy planning systems.

The acquisition will provide a sales channel for Titanium into China's healthcare and medical market.

Financial terms of the deal were not disclosed. However, the acquisition’s completion is subject to further due diligence, financing and execution of a definitive agreement.