I.M.D. Generators

What I.M.D. Generators does

I.M.D. Generators SRL is an Italian designer and manufacturer of high-voltage X-ray generators, monoblocs, and control systems that serve as the core imaging components inside medical diagnostic equipment. The company traces its origins to 1988 (originally as EUROTEC) and operates from a single headquarters and manufacturing site in Grassobbio (Bergamo), Italy, with 11-50 employees. Its product portfolio spans monoblocs ranging from 3.5 kW to 50 kW (including Pioneer, Raw, Skin, and MX-600 variants), separate-casing high-power generators, and a layered control system stack comprising Basic Inverters, Control Units, the MX-350 modular set, and X-Ready plug-and-play integration devices.

The company's central technical proposition is the integration of high-voltage transformers and X-ray tubes into a single compact monobloc casing, reducing equipment footprint and assembly cost for downstream OEMs. Its 50 kW monobloc, launched in 2018, surpassed the prior 40 kW market ceiling and remains a key differentiator. The business model is direct B2B sales of bespoke, customer-specific components to medical imaging OEMs worldwide, with quote-based pricing and no disclosed public price list. I.M.D. Generators is a wholly-owned operating subsidiary of IMD S.p.A., a holding company listed on Euronext Growth Milan in 2024 that also owns Technix and Intermedical, and in March 2024 the group acquired Crono Service to vertically integrate coil and electronic component production.

Name

I.M.D. Generators

Legal name

IMD GENERATORS SRL

Website

https://imdxray.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

I.M.D. Generators SRL designs and manufactures bespoke high-voltage X-ray generators, monoblocs (3.5-50 kW), and control systems for medical imaging equipment OEMs worldwide, operating from Grassobbio, Italy as a subsidiary of IMD S.p.A.

Ownership category

akta.pro rank

Product category

Medical X-Ray Generator Components

NAICS

Irradiation Apparatus Manufacturing (334517)

SIC

X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

X-ray & Fluoroscopy Systems (HLAHABAA)

Keywords

• X-ray generators
• Medical imaging components
• High-voltage monoblocs
• Radiological equipment manufacturing
• OEM X-ray systems

Headquarters

HQ city

Bergamo

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. X-Ray Generators and Monoblocs: Design, development, manufacturing, and marketing of X-ray generators and monoblocs for medical equipment manufacturers. Products range from compact monoblocs (3.5 kW to 50 kW) to high-power generators for demanding applications.
2. Control Systems: Manufacturing and sale of control systems, inverters, and power management solutions including basic inverters, control units, and integrated X-Ready systems for easy integration with monoblocs or generators.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

I.M.D. Generators designs, manufactures, and sells X-ray generators and monoblocs — compact integrated units combining a high-voltage transformer and an X-ray tube in a single casing — along with control systems (inverters, control units, and plug-and-play integration devices). Products are sold as customized components to medical imaging equipment manufacturers for integration into radiography systems, C-arms, portable X-ray devices, CBCT scanners, and bone densitometry systems.

Product overview

I.M.D. Generators is an Italian company that designs and manufactures X-ray generators and components for medical imaging equipment. The product portfolio consists of three main product lines: (1) Monoblocs - compact units combining high-voltage transformers and X-ray tubes in a single casing, ranging from 3.5 kW to 50 kW, including Pioneer, Raw, Skin, and MX-600 models; (2) Generators - separate high-voltage transformer and tube housing solutions for high-power applications; and (3) Control Systems - power management solutions including Basic Inverter, Control Unit, MX-350, and X-Ready to complement monoblocs and generators at various integration levels.

Differentiator

Problem solved

Functional benefit

Brands

• IMD: Parent group/holding company IMD S.p.A. encompassing IMD Generators, Technix, and Intermedical.

Products and services

• Monoblocs Compact X-ray generators combining the high-voltage transformer and X-ray tube in one single casing, designed for medium-low voltage applications. Range from 3.5 kW to 50 kW, recommended for C-arms, portable X-ray systems, CBCT, and bone densitometry. Sold to medical imaging equipment OEMs for integration into finished medical devices.
• Generators Separate high-voltage X-ray generators in which the transformer and X-ray tube are housed in separate casings connected by high-voltage cables. Recommended for high-power applications requiring larger diameter X-ray tubes with increased capacity and greater thermal dissipation. Sold to medical imaging equipment OEMs.
• Control Systems Power management and control solutions designed to pair with monoblocs and generators at different integration levels — from single components (inverters) to plug-and-play integrated systems (X-Ready) — including Basic Inverter, Control Unit, MX-350, and X-Ready variants for OEM integration.
• Pioneer Monobloc The first monobloc produced by I.M.D. Generators, manufactured using custom molds. Combines high-voltage transformer and X-ray tube in a single compact unit. Sold to medical imaging OEMs.
• Raw Monobloc Monobloc produced through an extrusion process, guaranteeing compactness and lightweight characteristics. Sold to medical imaging OEMs.
• Skin Monobloc Monobloc featuring a customizable outer shell adapted to its destination, specifically designed for C-arm systems. Sold to medical imaging OEMs.
• MX-600 Monobloc Monobloc system designed to be as powerful as a small generator, offering higher power output in a compact form factor. Sold to medical imaging OEMs.

Quantifiable outcome

• 50 kW monobloc power output - industry-leading capability surpassing the 40 kW market maximum

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered major and core.

• Crono ServicemajorStrategic or Co-development Partner · 1 March 2024Acquired company specializing in production of electrical and electronic equipment. The acquisition enables vertical integration of coils and electrical/electronic components used in monobloc manufacturing, strengthening the value chain with production in Grassobbio, Bergamo.
• IMD SPA (Holding Company)coreOthers · 1 January 2024I.M.D. Generators is a wholly-owned subsidiary of IMD SPA, which serves as the holding company for the group. IMD SPA listed on Euronext Growth Milan in 2023 and owns all group companies including Technix and Intermedical.
• TechnixcoreOthersGroup company specializing in X-ray system manufacturing, part of the IMD SPA Group alongside I.M.D. Generators and Intermedical.
• IntermedicalcoreOthersGroup company specializing in X-ray system manufacturing, part of the IMD SPA Group alongside I.M.D. Generators and Technix.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Spellman High Voltage Electronics Corporation: One of the world's largest independent manufacturers of high-voltage power converters, X-ray generators, and monoblocs for medical, industrial, and scientific applications. Directly comparable to I.M.D. Generators in core technology (HV transformer + X-ray tube integration) and OEM customer base across medical imaging.
• Communications & Power Industries (CPI): Major manufacturer of X-ray generators, high-voltage power supplies, and related components serving medical imaging, industrial, and security markets. Directly comparable to IMD Generators as a competing supplier of HV X-ray generators and monobloc-style integrated solutions to medical OEMs.
• Varex Imaging Corporation: Leading independent supplier of X-ray imaging components, including X-ray tubes, generators, and subsystems for medical and industrial OEMs. Closely comparable product portfolio and customer base to I.M.D. Generators, focused on components sold into finished imaging systems.
• Teledyne ICM: Manufacturer of portable and stationary X-ray generators and components for medical, industrial, and security markets. Directly competes with IMD Generators in the X-ray generator and monobloc category for OEMs and end-users.
• Richardson Electronics (Healthcare division): Supplies X-ray tubes, generators, and related components as well as service to medical imaging OEMs and end-users. Comparable as a competing component supplier to the same medical-imaging OEMs that I.M.D. Generators serves.
• Gulmay Limited: UK-based specialist manufacturer of high-voltage X-ray generators and high-frequency inverter systems for medical, industrial, and security applications. Closely comparable in product type (HV X-ray generators and inverter control systems) and customer overlap with medical OEMs.
• Control-X Medical: Specialist manufacturer of X-ray generators, high-voltage cables, and tube assemblies primarily for the medical imaging OEM market. Comparable niche focus and product portfolio to I.M.D. Generators in HV X-ray generator components for medical OEMs.

Emerging players

• Comet Group (Yxlon): Swiss-listed technology group operating in X-ray sources, RF power, and industrial X-ray inspection. Comparable through its HV X-ray generator and source business serving medical and industrial imaging customers, though with broader industrial focus than IMD.

Broad incumbents

• Siemens Healthineers: Global medical imaging OEM that integrates third-party HV generators and also manufactures its own X-ray components. Relevant as a large customer of, and competitor to, niche HV component specialists like IMD Generators across the medical imaging value chain.
• GE HealthCare: Global diagnostic imaging OEM and integrated manufacturer of X-ray equipment and components. Comparable as both a key customer of HV component specialists and as a vertically integrated competitor with internal generator and tube capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/i.m.d.-generators-srl
• Instagraminstagram.com/imdxray

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about I.M.D. Generators