Barco completes FIMI buy

AuntMinnieEurope.com staff writers
Jan 5, 2010

Image display firm Barco has finalized its acquisition of Italian display provider FIMI from Philips Healthcare.

The Kortrijk, Belgium-based vendor paid 19 million euros ($27.4 million U.S.) at closing, with an additional earn-out of 10 million euros ($14.4 million U.S.) payable over the next five years. FIMI of Saronno is a profitable company with an annual sales volume close to 40 million euros ($57.7 million U.S.), according to Barco.

Related Reading

Barco set to acquire FIMI, November 30, 2009

Barco upgrades mammo display, October 13, 2009

Barco lands Fusion order, October 9, 2009

Barco signs German distributor Fineman, September 22, 2009

Barco inks Japanese supply contract, June 19, 2009

Copyright © 2010 AuntMinnie.com

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