Samsung buys local medical equipment maker

Dec 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: Jury says Silicon Valley firm did not discriminate (Update)

add to favorites email to friend print save as pdf

Related Stories

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

Sep 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.

SKorean firms to jointly develop new chips

Jul 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.

Recommended for you

Intel in talks with Altera on tie-up

18 hours ago

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

23 hours ago

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

Mar 27, 2015

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

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.