Hitachi acquires control of Aloka

By AuntMinnie.com staff writers

November 30, 2010 -- Hitachi Medical of Tokyo has acquired a controlling interest in Japanese ultrasound vendor Aloka, and is moving toward acquiring all of the company by the end of the year.

Hitachi announced its tender offer for Aloka on November 9, with the goal of converting the company into a wholly owned business unit. The two firms had already been cooperating since 2006, when they formed an alliance to share R&D knowledge and codevelop ultrasound systems. Hitachi took an equity stake in Aloka as part of that deal.

Hitachi believes it will be one of the top three to four ultrasound vendors in the world based on market share once the deal is completed. Aloka's products complement Hitachi's lineup because it has low-priced models that Hitachi lacks, Hitachi President Kazuyoshi Miki told Japan's Nikkei news service. The deal is expected to close on December 27.

Hitachi names Canada distributor, October 27, 2010

Hitachi inks deal for proton facility in Japan, September 22, 2010

Hitachi inks contract, completes install, September 13, 2010

Aloka transducers compatible with ASP, November 16, 2010

Aloka adds features to ProSound, August 20, 2010

Aloka debuts ProSound F75, July 16, 2010

Copyright © 2010 AuntMinnie.com

 

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