Detection Technology Plc has signed an agreement to acquire Shanghai Haobo Imaging Technology Co., Ltd., an X-ray flat panel detector provider, to almost double its total addressable market.
This acquisition enables Detection Technology to enter the TFT (Thin-Film Transistor) flat panel detector market segment, which is estimated to represent over 40% of the total digital X-ray detector market of EUR 3.1 billion by 2025.
