Hitachi acquires Turkish company in bid to further strengthen healthcare business

TOKYO

Hitachi has announced that it has entered into an agreement to acquire a 75 percent stake in Turkey’s Kurt & Kurt and aims to make it a consolidated subsidiary of Hitachi by April 1, 2017.

Through the acquisition, Hitachi will gain the healthcare business platform that would help further expand its global business and strengthen operation services for hospital imaging centers, the company stated on Dec. 9.

The new subsidiary in Turkey will be positioned as the fifth strategic center for the global operations in healthcare business, according to the statement.

Hitachi plans to expand its sales channels of diagnostic systems to provide solutions including operation services for hospital imaging centers in Turkey, Central Asia and the Middle East and Africa by taking advantage of Kurt & Kurt’s business base, said the statement, adding that Hitachi promotes globalizing the solution business by providing Hitachi’s superior surgical treatment solutions and radiation therapy systems.

Kurt & Kurt, established in 1977, has been delivering a wide range of products including Hitachi’s diagnostic systems to customers in mainly Turkey and Central Asia for over 30 years, according to the statement.

“Turkey is positioned in the strategically and geographically important location to Europe, the Middle East and Central Asia. After 33 years of successful partnership contributing to Turkey’s healthcare development, we have recently been providing not only our diagnostic systems, but also a various kinds of solutions to the medical facilities. Through this acquisition, we will further strengthen our partnership and collaborate together to deliver state of the art solutions. I envision that our works would contribute to the healthcare development and improve the quality of life in the region,” said Masaya Watanabe, Vice President and Executive Officer, CEO of Hitachi’s Healthcare Business Unit.

“Our long-term collaboration with Hitachi enabled us to achieve significant milestones in the establishment of Turkey’s radiology experience. We are happy to witness continued confidence of Hitachi contributing to the Turkey’s promising future,” said Kurt & Kurt Chair and CEO Murat Balkan.