Elekta Sells Parts of Business to Medtronic

Elekta AB (Stockholm, Sweden) has signed a definitive agreement to sell a substantial portion of the assets of its image-guided surgery business to Minneapolis-based Medtronic. The transaction is valued at $11.75 million plus the assumption of certain liabilities.

With the sale of its image-guided surgery business, Elekta will focus its activities in the core business areas of minimally invasive neurosurgery, including radiosurgery and stereotaxy, and precision radiation therapy solutions for oncology.

Laurent Leksell, Ph.D., CEO of Elekta, stated, "We are confident this transaction with Medtronic will ensure Elekta's image-guided surgery customers will continue to receive the highest standard of clinical and technical support and will provide them with the opportunity to affiliate with the worldwide technology leader in image guided surgery."

Edited by Ursula Jones