Brown Brothers Selling CMS

Brown Brothers Harriman has agreed to sell CMS, a St. Louis-based provider of radiology planning solutions, to Elekta AB (STO: EKTAB). No financial terms were disclosed. 



Elekta AB (publ) (STO:EKTAB) a world leader in clinical solutions for radiation therapy and radiosurgery, today announced that it has signed a purchase agreement to acquire CMS Inc. for a total cash consideration representing an enterprise value of USD 75 M. Closing of the transaction is expected in March.

CMS is a worldwide leader in the development, sales and support of advanced radiation therapy planning solutions, supporting over 1,500 sites in clinical operation throughout the world.

I am very pleased that the process to acquire CMS is proceeding according to plan commented Tomas Puusepp, President & CEO of Elekta. The people, products and market position of CMS are highly complementary to Elekta's corporate structure, technology portfolio and R&D roadmap. Both Elekta's and CMS customers will benefit from our combined strength in product development and support.

CMS, with several leading solutions in clinical use and a strong pipeline of advanced functionality in development, will significantly contribute to Elekta's strategy in radiation therapy planning. CMS's large, highly competent sales, marketing, product creation and support organizations will enable Elekta to accelerate the development of new solutions and bring these to market more quickly and effectively.

CMS is also the market leader in treatment planning for proton therapy with eight installations in clinical use. Integrating these solutions with the MOSAIQ