Samsung seems to know which industry would be less affected by the global economic slowdown. Samsung bought a Korean medical equipment company, Medison last year. Medison was an entrepreneurial company, which I discussed on a previous post. All in all, Samsung is becoming more like a Korea-based platform company, seeking the highest return worldwide.
From MarketWatch:
Continuing its push to seek acquisitions as part of its growth strategy, Samsung Electronics Co. (005390.SE) said Wednesday it acquired U.S. healthcare equipment maker Nexus for an undisclosed amount.
The latest acquisition, which came nearly a year after Samsung bought a South Korean medical equipment maker last year, will help the world's biggest technology company by revenue push into the healthcare segment, an area where the electronics giant is investing heavily to grow. It also underscores Samsung's strategy to shift from organic growth to buy companies overseas in new areas in its bid to compete with the likes of General Electric Co. Samsung is the world's biggest maker of semiconductors, liquid crystal displays and the world's second-largest mobile handset maker by shipments behind Nokia Corp.
As part of its long-term plans to develop new engines for growth, Samsung announced last year that it aims to invest KRW1.2 trillion through 2020 in the healthcare sector.
http://www.marketwatch.com/story/samsung-buys-us-medical-equipment-firm-nexus-2011-11-15-2318490?reflink=MW_news_stmp
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