Philips Acquires Canadian Traxtal, No Financial Details
May 04 2009 - 1:57AM
Dow Jones News
AMSTERDAM (DOW JONES)--Royal Philips Electronics NV (PHIA.AE)
announces Monday that it has acquired Canada-based Traxtal Inc., a
medical technology company in the field of minimally-invasive
instruments and software for image-guided intervention and
therapy.
Philips didn't provide any financial details on the
takeover.
Traxtal's navigation solution functions as a GPS for medical
instruments, designed to make interventional radiology procedures
more accurate while aiming to reduce contrast, radiation dose and
interventional time.
Traxtal was founded in 1996 and currently has 45 employees.
Company Web Site: www.philips.com