Philips acquires Chinese ultrasound transducer producer Shanghai
Apex Electronics Technology
2 August 2010
Royal Philips Electronics (AEX: PHI, NYSE: PHG) has acquired
Shanghai Apex Electronics Technology Co Ltd a leading Chinese
manufacturer of ultrasound transducers — the key determinants of image
quality for ultrasound systems.
The acquisition strengthens Philips’ portfolio of high quality
transducers specifically aimed at the value segment in emerging
“As healthcare infrastructure develops in emerging markets such
as China, the need for imaging solutions in the value segment of the
market is growing rapidly. Strengthening our ultrasound capabilities
in these markets is essential, as ultrasound is a critical yet
affordable and mobile modality for early diagnosis and real-time
imaging,” said Steve Rusckowski, CEO of Philips Healthcare.
“The acquisition of Apex underlines our conscious decision
to step up investments in these markets, and will allow us to
deliver on our commitment to deliver healthcare solutions that meet
the diagnostic requirements and budgets of our customers in emerging
Founded in 1998 and employing over 130 employees, Shanghai Apex
Electronics is one of the leading manufacturers of ultrasound
transducers for medical equipment companies in emerging markets.
Financial details of the acquisition were not disclosed.
The acquisition marks another step in Philips’ expanding presence
in emerging markets, following the earlier acquisitions of
Meditronics and Alpha X-Ray Technologies in India, Shenzhen Goldway
Industrial in China, and VMI Sistemas Medicos and Dixtal in Brazil.
In 2009, Philips also announced the establishment of an industrial
and R&D facility for imaging systems in Suzhou, China. Most
recently, in 2010, Philips acquired healthcare informatics company
Tecso Informatica in Brazil and established a partnership with
medical equipment manufacturer Electron for the development of
healthcare products in Russia.