YOKNEAM, Israel, December 18 /PRNewswire-FirstCall/ -- CMT Medical Technologies Ltd (“CMT”), a specialist in high-resolution digital imaging solutions for the medical industry announced today its Board of Directors are to support an offer made by Thales Group, a leading international electronics and systems company, to purchase 50.1% to 100% of CMT shares at a price of EUR5.65 per share, reflecting a Company value of EUR21.5 million.
Thales is a world leader in the manufacturing of components and subsystems for professional applications, including hardware and software for medical radiology equipment. CMT will become an entity in the Thales Group and business line, augmenting Thales’ portfolio in the medical imaging sector with new products and pipeline potential. Thales’ strong brand recognition and reputation, as well as its worldwide sales and distribution network, will provide more opportunities and increased visibility when marketing full digital imaging packages.
The offer reflects CMT’s significant assets as a leading innovator and developer of high-resolution digital imaging solutions, acknowledging the value of its highly trained managerial, research and technical staff.
Commenting on the offer, Chaya Greenberg, Chairwoman of the Board of CMT, said, “The Board of Directors and management team of CMT strongly support this offer by Thales. I am proud that a leading company like Thales recognizes the unique capabilities and future of CMT.”
The CEO of CMT, Amit Meridor, added, “This offer by Thales, in line with the long-term strategic plan outlined for CMT, will enable us to secure our leadership in the field of medical imaging by leveraging our R&D strengths with Thales’ technological knowledge, as well as by opening new, much broader channels for sales and distribution of our products worldwide. Our employees will benefit greatly from the broad, dynamic global resource pool of Thales while our customers will gain directly from the enlarged product and service offerings.”
About CMT Medical Technologies Ltd.:
CMT Medical Technologies Ltd. is an Israeli company which designs, develops, manufactures and markets digital image processing systems for use in medical diagnostic imaging applications. CMT is also engaged in the development of X-ray detectors for various medical applications.
The company’s stock is publicly traded on Eurolist of the Paris Stock Exchange. The company also belongs to EURONEXT Next Economy segment.
CONTACT: If you wish to receive further information by e-mail, please
contact: Mrs. Nadine Tomaschoff - CFO & Investor Relations at:
nadine@cmt.co.il or +972-48-566-225
