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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.
Philips has agreed to acquire Electrical Geodesics for £29 million in cash, at 105.4p per share, a 36% premium. The deal is expected to close in Q3 2017.