Tokyo: FUJIFILM Corporation announced that it has entered into an agreement with Hitachi, Ltd. to acquire Hitachi’s Diagnostic Imaging-related Business to further expand its Healthcare business. The purchase price is expected to be approximately JPY179bn* ($1.56 billion). Prior to the acquisition, Hitachi will establish a new company and implement an absorption-type company split whereby the New Company will absorb the Business. Under the share purchase agreement between Fujifilm and Hitachi signed recently, Fujifilm will acquire all the outstanding shares of the New Company from Hitachi. The completion of this acquisition is subject to customary closing conditions and regulatory approvals.
“By applying its proprietary image processing and AI technologies to Hitachi’s extensive product lineup, Fujifilm will further expand its Medical Systems business and create new values to contribute to improve the quality of medical care,” the company said. In addition, the company will provide new values and solutions to the global market by leveraging its strong global sales network.
