Richardson Electronics, Ltd. announced the strategic asset sale of a majority of its Richardson Healthcare business unit to DirectMed Imaging, with the transaction closing on January 24, 2025. This move is aligned with the company's strategic priorities to reallocate assets and support its fast-growing Green Energy Solutions business.
Under the terms of the transaction, Richardson Electronics entered into an exclusive 10-year global supply agreement to provide DirectMed with repaired Siemens CT X-ray tubes. The company will also continue manufacturing ALTA CT X-ray tubes for DirectMed for approximately 12 to 18 months.
The remaining assets and operations of the Richardson Healthcare segment, primarily CT X-ray tube manufacturing and repair, will be consolidated into the company’s Power and Microwave Technologies (PMT) reportable segment. This strategic transaction is expected to simplify the business, improve the financial model, and allow Richardson Electronics to prioritize profitable opportunities within its higher growth markets.
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