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GE Announces Acquisition of Vingmed's Cardiac Ultrasound Distribution Business in Sweden and Norway.

Business Editors/Medical Writers

BUC, France and WAUKESHA, Wis.--(BUSINESS WIRE)--March 13, 2002

Expands GE Medical Systems' Distribution Capabilities

in the Nordic European Region

GE Medical Systems, a business unit of General Electric Company (NYSE: GE), announces today the acquisition of the ultrasound distribution operations of VINGMED Svenska AB and VINGMED AS in Sweden and Norway, respectively. This acquisition will allow GE Medical Systems to improve its direct presence in Scandinavia and provide a full range of ultrasound products and solutions to customers.

"For over a year now, GE Medical Systems has been working to establish a direct sales and service capability in Scandinavia," said Bengt Nielsen, General Manager of the Nordic European Region for GE Medical Systems. "We believe that our customers will welcome this strategic acquisition as it will allow us to offer the broadest diagnostic imaging product portfolio in the region."

VINGMED Svenska AB and VINGMED AS, established in 1968 and 1979, respectively, are distributors of GE Medical's cardiac ultrasound products. VINGMED's distribution partnership with GE Medical dates back to 1986.

"Bringing the talented team of VINGMED into our company demonstrates our commitment to ultrasound and will result in a single point of contact supported by teams of specialists for our customers," said Terje Godo, General Manager, Ultrasound Nordic Region for GE Medical Systems. "This will also allow us to strengthen GE Medical's multi-product, multi-service programs designed to help medical professionals optimize productivity and cardiac-disease management resources while maximizing the efficiency of health care delivery."

About VINGMED

VINGMED distributes and services OEM medical equipment in the fields of cardiology, radiology, cardiac and vascular surgery, endoscopy and dialysis in Scandinavia. VINGMED will continue to support its customers in these areas.

About GE Medical Systems

GE Medical Systems is an $8 billion global leader in medical imaging, interventional procedures, healthcare services, and information technology. Its offerings include networking and productivity tools, clinical information systems, patient monitoring systems, surgery and vascular imaging, conventional and digital X-ray, computed tomography, magnetic resonance, ultrasound and bone mineral densitometry, positron emission tomography, nuclear medicine, and a comprehensive portfolio of clinical and business services. For more than 100 years, health care providers worldwide have relied on GE Medical Systems for high quality medical technology and productivity solutions. For more information, visit the GE Medical Systems Web site at www.gemedical.com
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Publication:Business Wire
Date:Mar 13, 2002
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