Swedish radiation therapy firm Elekta has purchased Brazilian linear accelerator service company Radon.
The acquisition increases Elekta's customer base in Brazil by 25%, according to the company. Most of the service contracts held by Radon are with clinics that use equipment delivered by Siemens Healthcare, Elekta said.
Elekta said that Radon will keep its name and continue with its current business model and strategy. Radon is expected to add $6 million U.S. (4.8 million euros) in revenue during the 2012/2013 fiscal year, and is expected to be accretive to Elekta's earnings per share during 2012/2013. The transaction structure includes an earn-out element, Elekta said.
