UMG to acquire the Del Medical Imaging US business from Del Global Technologies

UMG Inc., a privately held company headquartered in Harrison, New York, has entered into an Agreement in principle to acquire the Del Medical Imaging US business from Del Global Technologies Corp. (OTCCB: DGTC). Both parties anticipate the transaction will be completed prior to December 1, 2009.

The new company, Del Medical Inc., will continue to sell their existing product line through its current distribution channels as a wholly owned subsidiary of UMG Inc. “By bringing the Del Medical product line to UMG, we create a comprehensive synergy of products to fulfill the needs of the entire x-ray community while continuing to provide superior quality and support through innovation and technology,” says Toufic Lorenzo, President of UMG Inc.