Latest News:  


Samsung acquires U.S. medical equipment firm for future growth


08:22, January 30, 2013

SEOUL, Jan. 29 (Xinhua) -- Samsung Electronics acquired a U.S. medical equipment firm, confirming the world's biggest technology firm is stepping up efforts to nurture medical equipment business as new growth engine.

Samsung Electronics America took over NeuroLogica, a leading computed tomography (CT) firm headquartered in Danvers, Massachusetts, the company said in a statement on Tuesday. Terms of the deal were not disclosed.

The U.S. firm develops medical imaging products and is known for its portable CT scanners. "The acquisition of NeuroLogica is another important step in the expansion of Samsung's medical imaging business and is a testament to our shared vision for a better and more complete healthcare experience," said Tod Pike, senior vice president at Samsung's enterprise business division.

The move is the latest evidence that the world's No. 1 maker of smartphones and memory chips is accelerating its efforts to diversify revenue sources and foster new growth engines. After acquiring Medison, South Korea's top ultrasonic medical equipment maker, in March 2011, Samsung took over the California-based medical equipment manufacturer Nexus in November of the same year.

In 2012, Samsung announced its plan to inject 23.3 trillion won (21.5 billion U.S. dollars) by 2020 into 5 new growth businesses, including medical equipment, biomedicine, solar cell, vehicle battery and light-emitting diode (LED). Samsung depends on its mobile business for more than 60 percent of operating profit.

We recommend:

Wind power now No.3 energy resource

Software maker shows its dexterity

China caps first 3G nuclear plant

New Zealand moves to restore trust

Mobile apps chip away at SMS

Digital publishing sees solid growth in 2012


Leave your comment0 comments

  1. Name


Selections for you

  1. Submarine flotilla in torpedo rapid-support

  2. Soldiers in emergency military drill

  3. The world in photos (2013.1.21-1.27)

  4. Panda 'Yaya' trained in China's Shaanxi

  5. Buildings collapse after subsidence

  6. Dense fog stages a choking comeback

  7. Hangzhou Song and Dance Troupe

  8. Glamor actresses in 'Legend of Zhen Huan'

  9. China to build its first third-generation nuclear plant

  10. Nation's wind farms heading offshore

Most Popular


  1. Cities should keep memories of yesterday
  2. Single children 'little emperors'
  3. Domestic lenders need global outlook
  4. Flu awareness still lacking in China
  5. 'China's demographic dividend disappearing'
  6. Purpose of Japanese politicians' China tour
  7. Why world focus on China's anti-corruption
  8. Japan PM: Door open for talks with China
  9. Y-20 marks transformation of PLA air force
  10. Is UK's withdrawal from EU a show?

What’s happening in China

Buildings collapse after subsidence in S China

  1. Kids more vulnerable to environment
  2. Flu awareness comes in from the cold
  3. S China official expelled from CPC for bribery
  4. 91% of Shanghai's job-related crime is corruption
  5. China launches fire risk campaign