Mindray Medical International Limited the developer, manufacturer and marketer of medical devices worldwide, has announced that it has completed the acquisition of Zonare Medical Systems, Inc. the ultrasound technology leader in the high-end of the market.
Under the agreement, Mindray has acquired Zonare US$101.7 million in cash. Mindray expects that the combined business will benefit from Zonare’s strong innovative R&D capability and direct sales and service network in the highend ultrasound market combined with Mindray’s efficient engineering, extensive distribution channels and broad production platforms. “We are pleased to complete this acquisition, which furthers Mindray’s goal of becoming a leading provider of high-quality imaging products worldwide,” said Mr. Minghe Cheng, Mindray’s co-chief executive officer. “This transaction brings us superior technology that will ultimately accelerate the launch of our next-generation high-end ultrasound product. It also gives us immediate access to the high-end ultrasound market in countries such as U.S., Canada, Scandinavia and Germany”.
MINDRAY SHENZHEN, CHINA