Daily Management Review

Fujifilm buys Hitachi unit for $ 1.63B


12/18/2019


Japanese Fujifilm Holdings has confirmed the purchase of a unit of Hitachi Ltd., specializing in the production of medical equipment, according to a press release from Fujifilm.



pexels
pexels
"We expect the deal to reach approximately 179 billion yen ($ 1.63 billion)," the company said. Fujifilm also announced that it plans to close the deal in July 2020 after regulatory approval.

Fujifilm is going to expand the Hitachi medical division using its own technology and artificial intelligence, and to create new products that help improve the quality of medical care. The purchase will enable Fujifilm to further develop the medical industry and offer a wider range of medical diagnostic products and services.

Japanese Fujifilm was founded in 1934 and specializes in products related to photography and images. The company is also engaged in innovations in the field of medicine, materials with wide functional capabilities, as well as in other high-tech areas.

Hitachi Ltd. Corporation founded in 1910. The headquarters is located in Tokyo. Corporate divisions are represented in such areas as energy, finance, healthcare, urban planning, and social infrastructure.

source: asia.nikkei.com






Science & Technology

UK trials new breathing aid developed by Mercedes Formula One

Uber sues Los Angeles authorities over user data collection

Google Introduces New Coronavirus Website

WHO Warns That The Youth Are ‘Not Invincible' To The Novel Coronavirus

Chinese software company learns to recognize 95% of masked faces

World's largest retailer to use 5G for medical services

SpaceX Receives Approval To Create Research & Manufacturing Facility In Los Angeles

JPMorgan: Transition to e-money will be based on blockchain

Tesla In Advance Talks With CATL For Using Lithium Batteries

Financial giants and US government turn to quantum computers

World Politics

World & Politics

Tesla Supplies Free Ventilators For Immediate Patients And Not For Storing

India Turns Train Coaches Into Isolation Wards For COVID-19 Patients

Aerospace Consortium To Build Ten Thousand Ventilator In Britain

US Ambassador To UK Holds China Responsible For Global Spread Of Coronavirus

China to lift quarantine in Wuhan on April 8

British Government Hires Former Nestle’s Executive For ‘War Room’ Food Security

Canada, Australia refuse to send athletes to Olympics 2020

Plans For A Possible Delay Of Olympics Being Formulated By Tokyo Organizers: Reuters