June 27, 2011 - Assignment

Philips acquires Mammography Product Line from Sectra

Royal Philips Electronics has agreed, subject to certain closing conditions, to acquire the mammography equipment product line of Sectra AB for EUR 57.5 million on a cash- and debt-free basis, with an additional possible earn-out of EUR 12.5 million.

Sectra’s MicroDose Mammography solution will complement Philips’ offering in digital mammography and delivers high quality breast images while exposing women to up to 50 percent less X-ray radiation dose than other digital mammography systems. Moreover, the MicroDose Mammography technology offers opportunities for future innovative imaging solutions that provide information beyond 2D anatomical breast images.

Philips was advised by Mannheimer Swartling in the transaction. The firm’s team included partner Adam Green, Senior Associate Lucas Jonsson, associates Peter Grandelius, Henrik Johansson and Victoria Bagger-Sjöbäck (M&A), Senior Associate Claudia Wallman (IP), Martin Nilsson (partner, tax), partner Henric Diefke and associate Ceclia Lönn (employment) and associate Kristina Börjevik Kovaniemi (regulatory).