Business
Celestica to expand healthcare capabilities through acquisition of Allied Panels
Celestica to expand healthcare capabilities through acquisition of Allied Panels
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\n Jul. 23, 2010 (Canada NewsWire Group) -- \n \n \n\n\n\n \n\n\n\n\n\n\n\n\nAcquisition to broaden Celestica's product lifecycle solutions for customers in the healthcare diagnostics and imaging market\n\nTORONTO, July 23 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced it has signed a definitive agreement to acquire Allied Panels Entwicklungs-und Produktions GmbH ("Allied Panels"), a leading medical engineering and manufacturing service provider, offering concept-to-full production solutions, with a core focus on diagnostic imaging products.\nThe acquisition of Austria-based Allied Panels will significantly expand Celestica's capabilities in the healthcare diagnostics and imaging market. The company provides services such as electro-mechanical design, firmware and software development, and high-level assembly for subsystems and complex medical devices to some of the world's leading healthcare original equipment manufacturers. Allied Panels also brings expertise in device product lifecycle management and 3D ultrasound technology.\nFounded in 2000, Allied Panels' customers include GE Healthcare, Siemens Healthcare, SonoSite and SuperSonic Imagine. The company's main development and production centre is located in Frankenburg, Austria, with an additional location in Madison, Wisconsin, USA. With annual revenue of approximately 40 million euros, the company currently employs close to 130 people. The transaction is expected to close in the third quarter.\n"Allied Panels' technical depth, unique capabilities, and extensive experience in the diagnostic imaging industry, will strengthen Celestica's healthcare offering," said Sandra Ketchen, Vice President, Healthcare, Celestica. "Through this acquisition, Celestica and Allied Panels will offer global healthcare customers comprehensive, end-to-end solutions that combine Celestica's scale, broad range of capabilities and financial strength, with the focus, track record and specialized expertise of Allied Panels."\nThe acquisition will also provide Celestica with a strategic healthcare centre of excellence in Europe to better serve its European healthcare customers.\n"We are proud of our solid track record for delivering innovative solutions that meet the needs of o...