News | June 26, 2007

Eizo, Siemens A&D Announce Medical Monitor Agreement

June 27, 2007 - Eizo Nanao Corp. of Japan and Siemens Automation and Drives (A&D) (Nuremberg, Germany) have announced an agreement in which Eizo will acquire Siemens’ medical monitor business. As part of the agreement Eizo will gain approximately 130 employees and the operations in Karlsruhe, Germany, in addition to business-related employees in the U.S., France and China. The transaction is subject to approval of the relevant authorities and is expected to be completed during the 2007 calendar year.

According to the companies, Siemens’ A&D’s strength is in monitors for X-ray, tomography and mammography, while Eizo’s strength is with PACS monitors. The companies expect the acquisition to create a strong basis for boosting Eizo’s medical monitor business.

For more information: www.siemens.com

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