Business | Technology

Samsung acquires US company

Samsung seeks to explore new growth sources by expanding into the health sector

  • AFP
  • Published: 13:50 January 29, 2013
  • Gulf News

Seoul: Samsung Electronics said on Tuesday it had bought US medical imaging firm NeuroLogica, as it seeks to explore new growth sources by expanding into the health sector.

Samsung did not disclose the value of the deal but said it had bought a full stake in the Massachusetts-based firm, which makes medical devices including CT scanners. “Samsung plans to leverage its global brand awareness and world-leading technology in consumer electronics, IT and communications with NeuroLogica in order to expand medical imaging business,” the company said in a statement.

Samsung Electronics - the world’s top maker of smartphones, memory chips and flat-screen TVs - is the flagship unit of the Samsung group.

Gulf News
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