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news.TomoTherapy has entered into a memorandum of understanding to acquire certain assets of Hi-Art relating to the sales and service of TomoTherapy's products in Japan.
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Over the next several weeks, TomoTherapy and Hi-Art will negotiate a definitive purchase agreement. The transaction is expected to close in the fourth quarter of 2008, at which time the current distribution agreement will cease.
Fred Robertson, CEO of TomoTherapy, said: “As TomoTherapy grows, we continue to assess how we can best serve our customers in all markets. This move in Japan reflects our commitment to our current and future Japanese customers.”