TOKYO --Canon will make medical equipment a central part of its operations through its purchase of Toshiba Medical Systems -- hoping to foster growth in the field as its core digital camera and office equipment businesses slow.
The 665.5 billion yen ($54.7 billion) purchase was finalized Monday. Canon, a Japanese electronics manufacturer, hopes to wring enough synergy from its new subsidiary to justify the price tag, with its own optics and imaging technology and production technology as the key.
