Medicaldevice-network.com 14 June 2013
China-based medical devices developer Mindray Medical International has signed a definitive agreement to acquire the US-based Zonare Medical Systems for $105m.
The acquisition is designed to improve Mindray’s high-end ultrasound research and development, as well as its US sales capabilities.
Zonare, which posted revenues of approximately $64m in 2012, is a provider of ultrasound technology and high-end radiology products with a strong presence in the US, Canada, Scandinavia and Germany.
Mindray co-CEO Minghe Cheng said; “This transaction will create significant synergies by combining Zonare’s strong innovative R&D capability and direct sales and service network in the high-end ultrasound market with Mindray’s efficient engineering and production platforms.
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China’s Mindray Medical to acquire Zonare Medical for $105m
