Canon Inc. (CAJ-N) (“Canon”) purchases BC-based company, Redlen Technologies Inc., (“Redlen”) in a deal that values it at US$335 million. Redlen is working with the world’s seven top makers of CT scanners to introduce their semiconductor and sensor system into their machines to ultimately improve medical outcomes with their advanced CT technology.
Redlen makes high-res X-ray imaging technology using CZT, a chemical compound that is used to measure the energy of individual light particles, translating the readout into electrical signals. The process generates diagnostic results that are coloured, highly accurate and can produce 10x more information than current CT scanners.
We advised Redlen Technologies with a team led by Shahrooz Nabavi (M&A), which included Gary Ott, Geoff Pedlow, Brandon Deans, Brock Euper, Steven Lumbala (M&A) and Mike Coburn (Tax).
Jurisdictions
- British Columbia
- Japan
