Fujifilm, CDI Agree $307m Acquisition

31 Mar 2015

Fujifilm is forking out $307 million for US firm Cellular Dynamics International (CDI) in order to become "more competitive in the field of drug discovery and regenerative medicine," said Fujifilm CEO Shigetaka Komori.

Originally a maker of photo films, Fujifilm Holdings Corp. has been expanding its medical equipment and pharma businesses recent years. In November 2014, the company said it plans to invest around JPY400-500 billion ($3.33-4.16 billion) in strategic M&A over the coming three years. It also highlighted healthcare, highly functional materials and the documents business as its most promising growth units.

The Japanese firm will disclose the impact of the purchase on its consolidated financial results for the fiscal year ending...