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 thin-film transistor (TFT) 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. The main application for TFT flat panel detectors is in medical x-ray imaging, and there is also growing demand in industrial and veterinary.
