CHINA – Detection Technology, an Espoo, Finland-based provider of X-ray detector solutions and services, acquired Haobo Imaging, a Shanghai, China-based company which specializes in static and dynamic TFT flat panel detectors.
Detection Technology acquired 90% of the shares in Haobo Imaging for EUR 12M. The founders and management of Haobo Imaging will continue to hold 10% of the shares. The deal was financed with cash reserves and a term loan. Detection Technology intends to acquire the remaining shares in the future under agreed terms. With the acquisition, Detection Technology’s product range will expand to cover all digital X-ray imaging detector technologies.Haobo Imaging has product platforms and know-how in static and dynamic TFT flat panel detectors based on a-Si (Amorphous Silicon) and IGZO (Indium Gallium Zinc Oxide) technologies. Its solutions include both hardware and software. The company has an established customer base and employs 40 professionals in Shanghai, China.Led by Hannu Martola, President and CEO, Detection Technology is a provider of X-ray detector solutions and services for medical, security, and industrial applications. Its solutions range from sensor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and algorithms. The company has sites in Finland, China, France, and the US. Detection Technology’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.03/07/2023
