Companies / India
Philips Buys Alpha X-Ray Technologies
September 2008 | FDI AlertUnderlining its commitment to emerging markets, Philips has acquired Mumbai-based Alpha X-Ray Technologies for an undisclosed sum. The transaction gives the Dutch company an increased presence India's rapidly expanding healthcare equipment sector. Through to 2012, BMI is forecasting 11% growth for India's US$2.35bn medical device market, which is higher than both the pharmaceutical and overall healthcare industries, demonstrating the buoyancy of the
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