# Magstim acquires EGI product portfolio from Philips

Magstim acquired the product portfolio of Electrical Geodesics, Inc. (EGI) from Royal Philips, including hardware, software, and sensor nets for high-density EEG. The deal supports Magstim's TMS technology.

- Type: Acquisition
- Announced: 2020-07-02
- Where: Oregon, United States
- Status: completed
- Products: high-density EEG, transcranial magnetic stimulation
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Electrical Geodesics](https://endata.com/companies/25081.md) (target)
- [Royal Philips](https://endata.com/companies/25215.md) (partner)
- [Royal Philips](https://endata.com/companies/25215.md) (target)
- [Magstim](https://endata.com/companies/48322.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20200702005099/en/Magstim-Acquires-Electrical-Geodesics-Inc.-EGI-Product-Portfolio), 2020-07-02: "This adds high-density EEG to our product portfolio supporting more than 1,200 research labs and clinics that focus on mental health, brain disorders and cognitive neuroscience."
- [magstim.com](https://www.magstim.com/magstim-welcomes-egi/), 2020-07-02: "This adds high-density EEG to our product portfolio supporting more than 1,200 research labs and clinics that focus on mental health, brain disorders and cognitive neuroscience."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.