Samsung buys local medical equipment maker

December 14, 2010
The company flag of South Korean titan Samsung Electronics flutters at its head office in Seoul in October 2010. Samsung Electronics, the world's top computer memory chip maker, said Tuesday it has signed a deal to buy a controlling stake in a top South Korean medical equipment maker.

Samsung Electronics, the world's top computer memory chip maker, said Tuesday it has signed a deal to buy a controlling stake in a top South Korean medical equipment maker.

Samsung said the deal was part of its long-term strategic expansion into the business.

It said it would acquire a 43.5 percent stake in Medison from private equity firm Consus Asset Management.

Medison is the world's fifth-largest ultrasound equipment maker, holding an estimated 6.7 percent share of the global market.

Samsung said it would also buy a 100 percent stake in Prosonic, a South Korean manufacturer of probes and cables for ultrasound devices.

It said in a statement the ultrasound diagnostics device segment is a logical entry point into the health care equipment market due to technological similarities with its existing consumer electronics and IT products.

Samsung unveiled a plan earlier this year to invest 23 trillion won (20.1 billion dollars) in new businesses, including renewable energy and health care.

Explore further: SKorean firms to jointly develop new chips

Related Stories

SKorean firms to jointly develop new chips

July 27, 2009

Samsung Electronics will lead a group of South Korean firms in jointly developing advanced semiconductors used for smartphones and digital televisions, officials said Monday.

Samsung outlines $20.6 billion investment plan

May 11, 2010

(AP) -- Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices, aiming to boost sales and increase its work force by tens ...

Samsung to provide 3D TVs to Britain's Virgin Media

September 29, 2010

South Korea's Samsung Electronics, the world's largest maker of flat-screen TVs, on Wednesday announced a partnership with Virgin Media to expand its presence in Britain's 3D television market.

Recommended for you

Roof racks a drag on fuel economy

April 26, 2016

As you get ready to hit the road this summer, with the kids loaded inside and the bikes strapped to the roof of your car, you may want to stop and consider that the roof rack on your car may be costing you as much as 25 percent ...

Oculus Rift delays flatten virtual-reality fan fervor

April 29, 2016

Virtual reality, oddly enough, isn't immune to the problems that arise in practical reality. Just ask would-be fans of the Oculus Rift headset, many—possibly most—of whom are still waiting for their $600 gadgets more ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.