San Diego-based Viking Systems, a devicemaker specializing in laparoscopic vision equipment, has signed a letter of intent to purchase Tuebingen (Germany) Scientific Medical, a manufacturer of minimally invasive surgical equipment.
The purchase price for the company has not been disclosed, but according to a news release issued by Viking, company officials are currently exploring a variety of options for financing the acquisition and providing growth capital.
Viking President and Chief Executive Officer Donald Tucker said in the news release that the acquisition would support Vikings entry into new clinical markets, including cardiovascular, cardiothoracic
and general pediatric surgery. -- by Shawn
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