Tuesday, June 5, 2012

Reuters: Mergers News: GE acquires Brazil medical equipment maker XPRO

Reuters: Mergers News
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GE acquires Brazil medical equipment maker XPRO
Jun 5th 2012, 14:37

SAO PAULO, June 5 | Tue Jun 5, 2012 10:37am EDT

SAO PAULO, June 5 (Reuters) - General Electric Co said on Tuesday it acquired Brazilian medical equipment manufacturer XPRO as it seeks to expand its presence in Latin America.

Speaking at a press conference in Sao Paulo, GE executives did not disclose the value of the deal, though said it was financed with cash generated from operations.

XPRO manufactures x-ray machines used in cardiology, neurology and therapeutic radiology.

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