GE Medical Systems Completes Acquisition of Coincidence Technologies S.A.Business Editors BUC BUC Block Up Converter (satellite component) Buc Buchnera BUC Business Unit Controller BUC Chief Builder (Naval Rating) BUC Blessed/Uncursed/Cursed (NetHack) , FRANCE France (frăns, Fr. fräNs), officially French Republic, republic (2005 est. pop. 60,656,000), 211,207 sq mi (547,026 sq km), W Europe. & WAUKESHA, Wis.--(BUSINESS WIRE)--Oct. 4, 2001 GE Medical Systems, a unit of General Electric Company (NYSE NYSE See: New York Stock Exchange : GE) finalized the acquisition of Coincidence Technologies S.A. today. Coincidence Technologies is a leader in the design, development and manufacturing of state-of-the-art synthesis and handling units for positron emission tomography positron emission tomography: see PET scan. positron emission tomography (PET) Imaging technique used in diagnosis and biomedical research. (PET) radiopharmaceuticals. The terms of the agreement were not disclosed. "We are very pleased to welcome to our Company a talented team of employees who bring vast expertise and an array of competencies in the field of PET chemistry," said Dow Wilson, Global General Manager of Functional and Molecular Imaging for GE Medical Systems. "We believe that customers will welcome this strategic acquisition as it will accelerate the research and development of projects focused on handling PET compounds beyond FDG FDG Fluorodeoxyglucose FDG Fundação de Desenvolvimento Gerencial FDG Franchise Development Group FDG Function Dependence Graph FDG Fraud Detection Group FDG Functional Dependency Gate FDG Front des Gaulois FDG Falling Down Giggling ." Coincidence Technologies S.A., a Belgium-based company, has experienced a strong growth trend during the past two years as a direct result of the performance of its Fluoro-Deoxy-Glucose (FDG) Synthesizer product. A synthesizer unit is used in conjunction with a cyclotron cyclotron: see particle accelerator. cyclotron Particle accelerator that accelerates charged atomic or subatomic particles in a constant magnetic field. , providing the final chemical process step to produce FDG. This final step ultimately determines the quantity and quality of FDG. "Adding Coincidence's technology is another important step in building GE Medical Systems' business in the emerging field of Molecular Imaging," said Thomas Hook, General Manager of Global PET for GE Medical Systems. "It is a great addition to our range of product offerings, providing customers with a `one-stop shop' to meet their PET, PET/CT PET/CT Positron Emission Tomography and Computed Tomography and cyclotron needs." "By combining our technology with GE's offering breadth, global distribution and service support, we create an opportunity to better serve customers in the rapidly growing areas of PET and cyclotrons," said Jean-Luc Morelle Mo`relle´ n. 1. (Bot.) Nightshade. See 2d Morel. , Director of Coincidence Technologies. About Coincidence Technologies S.A. Coincidence Technologies S.A., established in 1996, and based in Liege, Belgium, is a company that develops and manufactures chemical systems used for the production and handling of radio-labeled compounds typically used in the field of Nuclear Medicine & PET. For more information, visit the Coincidence web site at http://www.coincidence.com About GE Medical Systems GE Medical Systems is an $8 billion global leader in medical information and technology. Its offerings include networking and productivity tools, health care information systems, patient monitoring systems, conventional and digital X-ray, computed tomography (CT), magnetic resonance (MR), ultrasound and bone mineral densitometry densitometry /den·si·tom·e·try/ (den?si-tom´i-tre) determination of variations in density by comparison with that of another material or with a certain standard. , positron emission tomography (PET) and nuclear medicine. For more than 100 years, health care providers worldwide have relied on GE Medical Systems for high quality medical technology, services and productivity solutions. For more information, visit the GE Medical Systems Web site at http://www.gemedicalsystems.com |
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