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Intermagnetics

This article was originally published in The Gray Sheet

Executive Summary

Acquires a 17% equity ownership in Surrey Medical Imaging Systems, formalizing an ongoing collaboration between the two companies. The deal, Guildford, U.K.-based Surrey says, "affords us the opportunity of combining Intermagnetics' magnet technology with SMIS' electronics to jointly develop new [magnetic resonance imaging] and [nuclear magnetic resonance] products for several potentially important niche markets, including industrial and process control systems and novel clinical MRI products"
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