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