AFP Imaging sells unit to Italian company
AFP Imaging Corp., an Elmsford-based supplier of medical imaging systems, said that it sold its Italian Quantitative Radiology subsidiary to Cefla Capital Services SpA in a stock transaction.
Cefla’s dental group, based in Imola, Italy, is a major manufacturer of dental equipment. AFP said that it will use the proceeds from the sale to reduce debt, increase working capital and better position the company for expansion. Financial terms of the sale were not disclosed.