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Elekta Negotiates To Acquire CMS
Date:1/8/2008

peline of advanced functionality in development, could significantly contribute to our MOSAIQ RTP strategy going forward. CMS's large, highly competent product creation and support organizations would enable us to accelerate our development and bring these solutions to our customers more quickly and effectively."

"At CMS, we are excited about the opportunity of joining the Elekta Group and are fully committed to the timely completion of all necessary steps in the transaction. Combined, Elekta and CMS will strengthen its market position and the transformation of CMS into a center of excellence in treatment planning technology will be of great value for the combined organization and our customers," comments Andrew C. Cowen, President and CEO of CMS.

Financial effects of the transaction

CMS is based in St Louis, Missouri and is owned by a private equity fund, managed by the US investment bank Brown Brothers Harriman. The company has 290 employees worldwide. In fiscal year 2007 (ending September), the company grew its order intake by 21 percent to USD 61 M.

Management expects a successful completion of the acquisition process to result in:

-- Accretion to earnings on a cash basis already from fiscal year 2008/09

-- Mildly dilution to reported earnings in fiscal year 2008/09 as a

result of expected amortization of intangibles associated with the

acquisition and 'fair value' adjustments of certain balance sheet

items under IFRS accounting standards

-- Accelerated revenue growth, but with modest group effect given the

size of the acquired business

-- Preserved balance sheet strength and financial flexibility

About CMS

CMS is a worldwide leader in the development and support of radiation treatment planning and workflow management solutions. With treatment planning systems installed in more than 1,500 sites worldwide, CMS is a global resource to the radiation
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SOURCE Elekta, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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