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Eizo acquires Siemens medical monitor business

Siemens Automation And Drives : 26 June, 2007  (New Product)
Eizo Nanao of Japan, has entered into an agreement with Siemens Automation and Drives of Germany that enables Eizo to acquire the Siemens's medical monitor business.
Eizo will take on around 130 employees and the operations in Karlsruhe, Germany, as well as related employees in the USA, France and China.

The Siemens Automation and Drives sales revenue of the business was Euros 59 million in FY2006 (ending 30 September).

The transaction is subject to approval of the relevant authorities.
The acquisition is to be completed in calendar year 2007.

Yoshitaka Jitsumori, president and CEO of the Eizo Nanao: 'In our mid-term business plan, Eizo has committed to expand the medical monitor business extensively'.

'This acquisition will drive that commitment'.

Both Eizo and Siemens have long standing experience in the monitor industry and also have their own state of the art technology, know-how and an extensive customer base.

Whereas Siemens Automation and Drives' strength is in monitors for X-ray, tomography and mammography, Eizo is successful with monitors for PACS (Picture Archiving and Communication Systems) applications.

With Eizo producing in Japan and Siemens in Germany, the acquisition creates the strong basis for boosting Eizo's medical monitor business.

Dr Helmuth Ludwig, division president of the Systems Engineering Division (SE) at Siemens Automation and Drives, 'In future, only suppliers with a coordinated and complete range of medical monitors will be able to show profitable growth in this segment'.

'We part from the profitable medical monitor business as it does not belong to A and D's core activities and will be more successful when linked up to a strong supplier in the long run'.
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