Fujifilm to buy Hitachi's diagnostic imaging business

Buyout valued around $1.55bn aimed at taking on top three global players

20191217 Fujifilm and Hitachi

Fujifilm plans to buy Hitachi's medical imaging business in hopes of taking on larger global rivals including Siemens and GE.

EIKI HAYASHI, Nikkei staff writer

TOKYO -- Fujifilm Holdings has decided to buy Hitachi's diagnostic imaging device business, Nikkei learned Tuesday.

The acquisition, which is expected to cost the Japanese imaging company around 170 billion yen ($1.55 billion), is aimed at giving Fujifilm the scale to compete with the top three global players: Germany's Siemens, General Electric of the U.S. and Dutch manufacturer Philips.

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