FujiFilm Strengthens Position By Adding Hitachi’s Diagnostic Imaging Unit

20 Dec 2019

• By Catherine Longworth

FujiFilm has signed an agreement to to buy Hitachi’s Diagnostic Imaging Business for $1.63bn to position itself among the top diagnostic imaging heavyweights.

M&A, Mergers and Acquisitions. US Dollar texture. - Illustration

Fujifilm Holdings Corp. is flexing its muscles in the diagnostic imaging space with a billion-dollar acquisition of Hitachi Ltd.'s diagnostic imaging business. The two Japanese companies announced the agreement on 18 December, disclosing a purchase price is of approximately JPY179bn ($1.63bn).

The acquisition will strengthen Fujifilm’s position in the diagnostic imaging market and places it amongst the three leading players in...