Sectra, an IT and medical technology company, has purchased Burnbank Systems, an IT services company, in the UK.
With the acquisition, whose financing will be covered by existing funds, Sectra aims to expand its medical systems operations in the UK market.
The cash purchase consideration amounts to GBP5m. The transaction encompasses an additional purchase consideration of up to GBP3m.
Sectra medical systems business area president Torbjorn Kronander said, "Burnbank has built up a successful operation with exciting business development potential and the online services offered by Sectra to the healthcare sector will add further customer benefits."
Sectra assumed control of the operation and expects to consolidate the business in the Sectra Group as of June 2012.
The acquisition comprises the three companies Burnbank Systems, Burnbank Healthsystems and Burnbank Data-connect, with offices in Ipswich, Suffolk.
Burnbank will continue to operate under its existing brand as a separate business unit in Sectra's Medical Systems business area, providing solutions by integrating different vendors' products to deliver best of breed services.
Burnbank has built up a network for the transfer of medical images and reports between care providers in the UK.