Mergers and Acquistions News
Categories: Hardware
November 16th 2011, 15:43PM
An acquisition deal to purchase healthcare technology firm Nexus has been tied up by Samsung Electronics, it has emerged.
The world-renowned Korean company - which was founded more than 70 years ago - has announced it has reached an agreement to finalise its second acquisition of the year in this sector for an undisclosed fee.
Samsung perceives the healthcare arena as a burgeoning market and revealed last year it will invest more than $1 billion (£634 million) in it by 2020 in order to increase profitability.
Bang Tong-chu, vice-president of the firm's health and medical equipment business team, said this purchase forms part of Samsung's plan to "position itself as a global leader in healthcare technology".
The acquisition of Nexus follows on from its deal to purchase a majority stake in Medison struck at the tail end of last year.
Recently, Samsung also announced it is looking to significantly expand its operations in the semiconductor sector in the near future. 
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