Detection Technology Acquires Haobo Imaging

July 3, 2023

Detection Technology Plc has completed the acquisition of 90% of Shanghai Haobo Imaging Technology Co., Ltd (Haobo Imaging) for EUR 12 million, financed with cash reserves and a term loan. Haobo, a Shanghai-based maker of TFT flat-panel X-ray detectors with ~40 employees, will be integrated into Detection Technology's Medical Business Unit while the founders and management retain 10% and the buyer intends to acquire the remainder under agreed terms.

Buyers
Detection Technology Plc
Targets
Haobo Imaging (Shanghai Haobo Imaging Technology Co., Ltd)
Sellers
Previous shareholders (founders and management)
Industry
Medical Devices
Location
Shanghai, China
Transaction Type
Buyout

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