M&A Deal Summary

Siemens Acquires CTI Molecular Imaging

On March 18, 2005, Siemens acquired medical products company CTI Molecular Imaging for 1.0B USD

Acquisition Highlights
  • This is Siemens’ 2nd transaction in the Medical Products sector.
  • This is Siemens’ 6th largest (disclosed) transaction.
  • This is Siemens’ 4th transaction in the United States.
  • This is Siemens’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2005-03-18
Target CTI Molecular Imaging
Sector Medical Products
Buyer(s) Siemens
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

CTI Molecular Imaging

Knoxville, Tennessee, United States
website
CTI Molecular Imaging, Inc. is a provider of products and services for the positron emission tomography (PET) market. CTI is a supplier of products and services for positron emission tomography (PET), a diagnostic imaging technology used in the detection and treatment of cancer, cardiac disease and neurological disorders.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany

website

Category Company
Founded 1847
Sector Diversified
Employees299,000
Revenue 72.0B EUR (2022)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 5 of 49
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 4 of 43
State (Tennessee) 1 of 1
Country (United States) 4 of 23
Year (2005) 1 of 4
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-13 IndX Software

Aliso Viejo, California, United States

IndX Software Corp. developed sophisticated, Internet-enabled information solutions for enterprises and their supply chains. Its IndX HQ (XHQ) product extracted and transformed data from multiple, disparate back-end systems, aggregated and managed content, and distributed information to users in a visually expressive way.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-08 Myrio

Bothell, Washington, United States

Myrio Corp., a Internet protocol television software company, to increase its commitment to the rapidly growing home entertainment market.

Buy -
Mergr

Product

Company

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