Magstim has acquired the product portfolio of Electrical Geodesics (EGI) from health technology company Royal Philips.

The company will acquire EGI hardware, software and sensor nets assets and start managing its global sales, service and support. Philips will support the transition until the end of this year.

EGI develops non-invasive multimodal technologies to monitor brain activity and provide transcranial electrical stimulation in brain research.

EGI’s proprietary dense array electroencephalography (EEG) technology collects data from more electrodes than conventional EEG. The technology is used to evaluate the electrical activity in the brain.

Developed by EGI, Geodesic Sensor Net (GSN) can produce high-resolution data and is used worldwide by neuroscience researchers.

Magstim Group CEO Lothar Krinke said: “This adds high-density EEG to our product portfolio, supporting more than 1,200 research labs and clinics that focus on mental health, brain disorders and cognitive neuroscience.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Magstim has been pioneering and advancing transcranial magnetic stimulation for 30 years. High-density EEG closes the loop for the development of a comprehensive system for non-invasive neuromodulation. Magstim and EGI share a legacy and passion for innovation in neuroscience.”

Following the acquisition, Magstim plans to maintain a presence in EGI’s Oregon office supported by its global offices in the UK, Netherlands and Minneapolis, US.

The company is the pioneer of transcranial magnetic stimulation, a non-invasive, outpatient therapy cleared by the Food and Drug Administration (FDA) for major depressive disorder.