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Sectra AB to wind up projects with Philips Medical Systems.

NORDIC BUSINESS REPORT-6 July 2005-Sectra AB to wind up projects with Philips Medical Systems(C)1994-2005 M2 COMMUNICATIONS LTD

The Swedish high-tech company Sectra AB confirmed on Wednesday (6 July) that its partner Philips Medical Systems' recent acquisition of a US software company would have an impact on Sectra's turnover and result.

Sectra has provided Philips Medical Systems with software for handling digital X-ray pictures, but the acquisition gives Philips Medical Systems capacity to develop its own software.

Sectra said that it had a number of long-term projects with Philips Medical Systems, and that these would be successively terminated.

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 6, 2005
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