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Business deals

Fujifilm to buy Hitachi's diagnostic imaging business

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

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

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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