Healthcare and agriculture company Bayer said in a statement on Wednesday that the deal was part of a strategy to expand in digital analysis of medical images, which are taken with the help of Bayer's contrast agents on computed tomography, X-ray, and magnetic resonance scanners.

The company declined to disclose the deal's financial terms.

In 2021, sales at Bayer's radiology business with its contrast agents, injection systems and software accounted for 1.8 billion euros ($1.95 billion) of 44 billion euros in group sales.

During the third quarter of last year the radiology business saw sales increase 7% on growing demand for scans of cardiovascular disease and tumours.

Founded in 2010, Blackford's financial backers include Archangel Investors, TRI Cap, Scottish Enterprise and Old College Capital.

($1 = 0.9239 euros)

(Reporting by Ludwig Burger and Patricia Weiss; Editing by Madeline Chambers)

By Ludwig Burger and Patricia Weiss