Italy Hits Toshiba Unit, Others With €5.5M Antitrust Fine

By Stewart Bishop (August 9, 2011, 7:43 PM EDT) -- Italy's antitrust watchdog fined Alliance Medical Srl, Toshiba Medical Systems Italia Srl, Philips SpA and Siemens SpA more than €5.5 million ($7.8 million) after an investigation into an illegal supply agreement by the companies, the agency announced Tuesday.

The Competition Authority and the Market, better known as the Antitrust Authority, fined Alliance €41,250, Siemens €1,102,500, Philips €3,953,250 and Toshiba €141,750 over allegations they conspired to control the supply of certain medical machinery to an Italian health care company, according to a statement from the regulator.

The companies became the target of an investigation after GE Medical Systems Italia SpA, a subsidiary...

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