Royal Phillips Electronics Announces the Acquisition of Traxtal – A Medical Technology Innovator in Image-Guided Procedures
5/4/2009 10:52:01 AM
AMSTERDAM & TORONTO--(BUSINESS WIRE)--Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has acquired Canada-based Traxtal Inc., an innovative medical technology company in the field of minimally-invasive instruments and software for image-guided intervention and therapy. 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. Coupled with Philips’ strong position in medical imaging, this acquisition enables Philips to become one of the leading healthcare solutions providers for image guided procedures.