Dornier increases its share in Acoustic Imaging – Dornier Medizintechnik GmbH, Acoustic Imaging Technologies Corp
* Dornier increases its share in Acoustic Imaging
Dornier Medizintechnik GmbH, Munich, and Acoustic Imaging Technologies Corp., Phoenix, signed a multi-million dollar agreement that will bring Dornier’s interest in AI to more than 80%, announced Daniel E. McNulty, president and chief executive officer of AI.
The agreement comes one year after Dornier acquired a 50% interest in AI in September, 1989. It will lead to AI’s financial consolidation with Dornier, Deutsche Aerospace and Daimler-Benz. AI management will remain intact.
AI’s acceptance of Dornier’s offer was accepted by AI’s board based on the compatibility of both organizations’ long range goals, according to McNulty. “This important second step of our partnership with Dornier not only positions AI as financially stronger than many of our key competitors, but also further solidifies our distribution and research and development relationships with Dornier,” he said McNulty added that the move is particularly beneficial in preparing AI for competition in the European Common Market after trade barriers are lifted in 1992.
Acoustic Imaging designs and manufactures diagnostic ultrasound imaging systems. The company also designs and manufactures ultrasound transducers for companies worldwide.
Dornier, a subsidiary of Deutsche Aerospace, is a member of the Daimler-Benz group, a corporation involved in aviation, electronics and high technology and parent company to Mercedes-Benz. Dornier developed shockwave lithotripsy, the non-surgical technology for disintegrating kidney stones and gall-stones.
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