Hologic Acquires TCT International in China, Distributor of Medical Products

Hologic makes a series of diagnostics products and recently was in the news with the FDA approval of their 3D mammogram devices. Hologram products are pretty much all in the area of women's’ health. TCT will be integrated into the Hologic operations. BD

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Hologic Inc. said Wednesday it has acquired Chinese medical products distributor TCT International Co. Ltd. for $135 million in cash.

Hologic, which supplies diagnostic products, said that it expects the acquisition will generate $10 million in revenue and help boost earnings per share.

"We firmly believe by controlling a distribution channel as extensive as TCT's, we can better leverage our entire product portfolio to drive growth across multiple market segments," said Rob Cascella, Hologic's president and chief executive.