Mindray to acquire SMOIF
UpDate：2012-10-15 09:47:59
We are pleased to announce that Mindray has recently signed a Share Transfer Agreement to acquire 100% ownership of Shanghai Medical Optical Instruments Factory Co., Ltd. (SMOIF), a wholly owned subsidiary of Shanghai Medical Instruments Co., Ltd.
Under the agreement, Mindray will have full access to SMOIF’s flexible endoscopes and related surgical devices as well as its R&D, manufacturing, sales and services capabilities. This acquisition will further supplement and extend Mindray’s product portfolio, helping Mindray cater to the increasing demand for minimally invasive operations and spurring new growth for our company.
SMOIF will be operated by its existing management team after the acquisition. Mindray has no plans to change SMOIF’s employee base and will honor all of SMOIF’s contracts as agreed upon prior to the acquisition. Mindray will also maintain SMOIF’s existing policies on sale and after-sale services.
Leveraging Mindray strong sales, manufacturing, R&D and quality assurance platforms, we will work with Mindray to further strengthen the company’s position in the promising flexible endoscopic and related surgical devices business.
We believe our collaboration with Mindray will create many synergies for both parties. Together, we will provide better products and services to our customers, and broader development opportunities to our employees.
About Mindray:
Mindray is leading developer, manufacturer and marketer of medical devices worldwide. The company has three well-established business segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products and Medical Imaging Systems. In 2006, Mindray was listed in New York Stock Exchange (Code:MR). For more information, please refer to Mindray website at: www.mindray.com
Shanghai Medical Optical Instrument Co., Ltd.
Oct. 15, 2012
