Fujifilm to Acquire Hitachi's Diagnostic Imaging Equipment Biz

Economy

Tokyo, Dec. 18 (Jiji Press)--Fujifilm Holdings Corp. <4901> is in the final stages of negotiations to acquire Hitachi Ltd.'s <6501> diagnostic imaging equipment business for some 170 billion yen, informed sources have said.

The move comes as Fujifilm is strengthening its medical-related businesses while Hitachi has been seeking to sell the imaging equipment business as part of its group restructuring.

Fujifilm is one of the world's largest suppliers of systems to manage medical data in a unified manner at hospitals.

The company estimates sales at its health care division including medical information technology operations at 520 billion yen for the year through March 2020, and aims to boost the figure to one trillion yen in the mid-2020s.

The two Japanese manufacturers are expected to make an announcement on the matter as early as Wednesday, the sources said.

[Copyright The Jiji Press, Ltd.]

Jiji Press