MEDICAL DISPLAY:The acquisition can help Advantech broaden its smart medical care product lineup and expand to North America, South Korea and Southeast Asia
Date: Jan 04, 2017
By: Lisa Wang / Staff reporter
Advantech Co (研華), the world’s biggest industrial computer maker, yesterday said it plans to acquire a 60 percent stake in medical display supplier Kostec Co Ltd, as it moves to expand its presence in the medical care market.
This is the first acquisition bid launched by Advantech in the medical field, with the 35-year-old company aiming to get a bigger slice of the global medical display market.
The investment would allow Advantech to broaden its smart medical care product lineups and expand its reach to South Korea, Southeast Asia and North America, the company said in a statement released yesterday.
Advantech has already built a presence in Greater China, the Middle East, Australia and Europe, the statement said. [FULL STORY]