Royal Philips Acquires TomTec Imaging Systems
July 18, 2017—Royal Philips announced it has signed an agreement to acquire TomTec Imaging Systems GmbH, a provider of intelligent image analysis software, especially for diagnostic ultrasound. TomTec's products and services support clinicians to increase efficiency and diagnostic quality through automated and reproducible measurements.
With the acquisition, TomTec will be part of Philips’ Ultrasound Business Group and commercialize Philips-branded products for clinical automation, workflow improvement, and enhanced diagnostic quality. Additionally, the TomTec business will continue its vendor-neutral product line and integrate these medical software applications into third-party systems to support clinical needs and routine workflow.
Founded in 1990, TomTec is headquartered in Munich, Germany, with offices in the United States, Europe, and Asia. Completion of the transaction is expected on the day of the announcement. Financial details were not disclosed.
According to the announcement, the acquisition of TomTec will strengthen Philips’ cardiac ultrasound business, and support the company’s further expansion in other clinical areas, such as obstetrics and gynecology (OB/GYN). TomTec’s clinical applications, workflow solutions, and research-and-development capabilities complement Philips’ ultrasound image quality, three-dimensional imaging, and transducer technology. TomTec offers multimodality and vendor-neutral diagnostic and analysis applications in cardiology, radiology, and OB/GYN.
Philips ultrasound solutions business includes technology for real-time three-dimensional imaging of the heart, quantification tools driven by anatomical intelligence, and ultramobile, portable ultrasound solutions. Philips’ ultrasound portfolio supports the delivery of care across a broad range of clinical specialties including radiology, cardiology, point-of-care, and OB/GYN.