Agfa-Sterling Closing; Sterling Diagnostic Imaging Sales to Agfa now completed.MORTSEL, Belgium--(BW HealthWire)--May 18, 1999-- Agfa-Gevaert announced today, through its U.S. subsidiary Agfa Corporation, that it has completed the acquisition of the capital stock of SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. Holding Corp., the parent company of Sterling Diagnostic Imaging. "The acquisition of Sterling Diagnostic Imaging is an integral part of Agfa's strategic goal to be the leading imaging company with superior products, strong technologies and a widely recognized brand name. It will allow the company to gain a leading market position in conventional medical imaging in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and to gather critical mass for the ongoing transition into digital imaging," said John Glass, Managing Director of Agfa-Gevaert's Business Group Medical Imaging. "A process has already been put in place to provide a smooth transition and to enable the new organization to quickly capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the synergies of these two strong businesses," added Glass. Glass will head the combined Agfa and Sterling business worldwide. In addition, Erhard Rittinghaus, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Agfa Corporation, is pleased to announce that R. Ernest Waaser, former Executive Vice President and COO of Sterling, will succeed John Glass at Agfa Corporation. G. Rodney Wolford, Chairman and CEO of Sterling, has agreed to assist Glass and Waaser for a period of time to insure a smooth customer focus transition. The Agfa-Gevaert Group, part of the Bayer Group, headquartered in Germany, is one of the world's leading imaging companies. The Group had worldwide sales of US $5 billion in 1998. Agfa develops, produces and markets analog and digital imaging systems primarily for the graphics industry, photography, and medical and industrial radiography Radiography is the use of ionising electromagnetic radiation to view objects in a way that can't be seen otherwise. Radiography in general should not be confused with the use of ionizing radiation to change or modify objects; radiography's purpose is strictly for viewing. . Agfa's assortment in medical imaging ranges from classical x-ray film Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography and processor systems to integrated digital systems for imaging, archiving and communication. Agfa has 22,000 employees in 38 countries. Agfa Corporation is headquartered in Ridgefield Park Ridgefield Park, village (1990 pop. 12,454), Bergen co., NE N.J., on the Hackensack River; inc. 1892. Chiefly residential, it manufactures some paper goods. , NJ and has 3,200 employees. For more information on Agfa, visit www.agfa.com. |
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