Konica Minolta, Inc. completed the acquisition of ultrasonic diagnostic equipment business from Panasonic Healthcare Co., Ltd.
January 01, 2014 at 09:30 am IST
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Konica Minolta, Inc. (TSE:4902) signed a business transfer agreement to acquire ultrasonic diagnostic equipment business from Panasonic Healthcare Co., Ltd. on July 26, 2013. Under the terms of the agreement, Konica Minolta will acquire Panasonic Healthcare's assets necessary for planning, development, manufacturing, sales and maintenance. The existing original equipment manufacturer (OEM)-supply business relationship between Panasonic Healthcare and its customers will also be transferred to Konica Minolta. 200 workers of ultrasonic diagnostic equipment business will be transferred to Konica Minolta. The remaining employees would be retained by Panasonic. The deal is expected to complete on January 1, 2014.
Konica Minolta, Inc. (TSE:4902) completed the acquisition of ultrasonic diagnostic equipment business from Panasonic Healthcare Co., Ltd. on January 1, 2014.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
KONICA MINOLTA, INC. 
