We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

HospiMedica

Download Mobile App
Recent News AI Critical Care Surgical Techniques Patient Care Health IT Point of Care Business Focus

Contex Acquires Vidar Systems

By HospiMedica staff writers
Posted on 17 Jul 2002
In a move expected to result in company growth, Contex Holdings AS (Allerod, Denmark) has acquired Vidar Systems Corp. (Herndon, VA, USA), an important manufacturer of medical x-ray film digitizers.

The two companies have been competitors for many years and leaders in the development and distribution of large-format scanning equipment. With this merger, the combined 2002 revenues of the new company will exceed US$50 million. Contex says this will make it the fastest growing supplier of scanning technology. Vidar is expected to focus its efforts on medical imaging products, while Contex will concentrate on large-format imaging applications. Vidar will be a subsidiary of Contex and will continue to design, develop, and distribute its medical products under the Vidar brand name from its facility in Herndon, VA.

"The acquisition of Vidar is of great strategic importance for Contex,” said Steen Borg, president of Contex and new chairman of Vidar. Contex Holdings is owned by EQT, a group of Scandinavian private equity funds focused on acquiring emerging companies that exhibit strong growth potential.




Related Links:
Vidar
Contex

Gold Member
POC Blood Gas Analyzer
Stat Profile Prime Plus
Gold Member
SARS‑CoV‑2/Flu A/Flu B/RSV Sample-To-Answer Test
SARS‑CoV‑2/Flu A/Flu B/RSV Cartridge (CE-IVD)
New
Endoscopic Suturing System
OverStitch
New
Fixed Volume Dispense Pump
LPL Series

Latest Business News

Becton Dickinson to Spin Out Biosciences and Diagnostic Solutions Business

Boston Scientific Acquires Medical Device Company SoniVie

2026 World Hospital Congress to be Held in Seoul