Sweden-based Sectra has announced plans to acquire Danish company it-mark, which sells medical IT services to healthcare providers.
The Danish company has been a distributor for Sectra since 2007 and its acquisition will bolster Sectra’s presence in Denmark.
Sectra sales companies for medical IT operations in Scandinavia head Petter Østbye said: "Sectra’s core business encompasses medical IT systems for image management that contribute to more efficient healthcare.
"it-mark has delivered Sectra PACS as a cloud service and has extensive knowledge of the requirements imposed by Danish healthcare customers."
The acquisition, which will be financed through Sectra’s own funds, is said to be in line with the company’s strategy to expand in areas and regions where it is already established.
Following the acquisition, the operations of it-mark will join Sectra’s Imaging IT Solutions business area, which develops and sells IT solutions and services that enable medical images to be managed.
According to Sectra, the transaction includes a cash consideration and an additional purchase consideration. it-mark will be taken over by Sectra on 30 April and the operations will be consolidated into the group as of May 2015.
The parties have not disclosed the value of the transaction. it-mark primarily delivers services for managing medical images (PACS) through the internet. Its customers are mainly located in Denmark and other European countries.