03 October 2023 – 6.00 p.m. – Diagnostic Medical Systems Group (Euronext Growth Paris: FR0012202497 – ALDMS and FR001400IAQ8 – DMSBS), a specialist in high-performance medical imaging systems for digital radiology and bone densitometry, announces the completion of its acquisition of Solutions For Tomorrow, a specialist in mobile X-ray equipment. This acquisition will be carried out entirely through a stock swap.
A strategic acquisition addressing a fast-growing market
Ultra-mobile products are at the forefront of new trends in the medical imaging market, which is moving towards a more decentralized model of care, driven by an aging population and the development of chronic diseases such as cancer and heart disease, establishing mobile radiology as an important factor in maintaining sustainable healthcare systems.
Mobile digital medical imaging significantly improves the efficiency of patient care, both in terms of diagnosis and therapeutic procedures, thanks to better image quality, faster treatment times, and reduced doses.
The acquisition of SFT strengthens the DMS Group’s position in this fast-growing digital mobile market, and further advances DMS Group’s “One Stop Shop” product strategy.
A value-creating operation with strong synergies
For DMS Group, the SFT acquisition offers strong synergies, perfectly in line with the strategic plan:
- Commercial synergies, with an expanded premium offering to cover fast-growing market demand and accelerate geographic penetration in strategic areas, such as the US market (estimated at 1,500 units/year), where motorization of mobile equipment remains mainstream; beyond this offering broadening, the integration of Solutions For Tomorrow will also strengthen DMS’s positions with its key OEM customers and pave the way for new partnerships;
- Industrial and technological synergies, with continued industrial optimization and dual technological expertise in X-ray tube manufacture along with a state-of-the-art battery system, to be further reinforced by the development of a multiplatform version of DMS’ proprietary ADAM software to optimize workflow management;
- Operational synergies (e.g. purchasing and marketing resources), capitalizing on growing critical size;
Samuel Sancerni, Chairman of DMS Group said:
“We are very excited at the idea of welcoming Solutions For Tomorrow into our Group. The complementary nature of our offers and our capacity for joint innovation will enable us to speed up our value strategy and conquer new markets on a global scale. This acquisition is also a reflection of our ambition to develop a genuine sector of excellence for medical imaging in France and Europe. The management and teams at Solutions For Tomorrow share our vision and our values and will be fully committed to working alongside us. We look forward to welcoming this talented team and sharing our ambition with them.”
Mattias Guldstrand, CEO and Co-founder of Solutions For Tomorrow AB said:
“We would like to thank for warm welcome into DMS Group. We are excited about the merger with DMS and becoming a part of a strong player in the medical imaging market. The strengths of both companies can be fully utilized and there are a lot of possibilities to expand globally by joining forces. Solutions For Tomorrow has developed a unique mobile x-ray device and DMS offer a wide sales channel to sell the devices globally. We are very proud that our products will soon be available on many more markets. We are excited to share our knowledge and expertise of mobile X-ray technology to develop next products together. This is a new chapter of Solutions For Tomorrow and we are looking forward into this journey!”
About DMS Group
DMS Imaging is an industrial company that develops, designs and manufactures industry-leading medical imaging systems, mainly for digital radiology and bone densitometry, and has its own production centre in the south of France (Gallargues-le-Montueux). With more than 40 years of experience, DMS Imaging has an established network of 140 distributors worldwide and is part of several major international OEM partnerships.
DMS Group is listed on the Euronext Growth stock exchange in Paris (ISIN: FR0012202497 – Ticker: ALDMS) and is eligible for the SME personal equity plan (PEA-PME). On 13 June 2023, DMS Group awarded share subscription warrants listed on the Euronext Growth market in Paris (ISIN: FR001400IAQ8 – Ticker: DMSBS) and exercisable until 12 September 2025.
About Solutions for Tomorrow
Solutions for tomorrow AB is Swedish manufacturer of mobile X-ray units, dedicated to creating revolutionary products that change the X-ray experience for caregivers and patients. The company is based in Väckelsång, Sweden, was founded in 2011 by Mattias Guldstrand, Martin Yngvesson and Jan Bååt who have long experience in the medical technology and X-ray industries.
The innovative, state-of-the-art mobile X-ray units, including the industry-leading !M1, operate on cutting-edge X-tech cell® battery technology developed in-house. Since the start, the company has remained committed to removing limitations and disrupting the market by proving user friendly solutions that simplify your operations and improve patient outcomes.