Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Varian Medical Systems, Mitsubishi Electric Corp. in Japanese Joint Venture
Dec 19, 2003
 Printable format
 Email this Article
 Search

Varian Medical Systems announced that it has signed an agreement with Mitsubishi Electric Corp. that will provide radiotherapy equipment and service in Japan and other Asian countries.

In accordance with a letter of intent, Mitsubishi Electric Corp.'s radiotherapy service business will sell, service, and support Varian Medical Systems' full line of radiotherapy products and Mitsubishi Electric Corp.'s medical linear accelerators. Sales of Mitsubishi medical linear accelerators will be discontinued after the first 2-years of the arrangement. The venture also will service Mitsubishi's industrial linear accelerators.

Varian Medical Systems, the majority owner of the venture, will acquire Mitsubishi Electric Corp.'s share of the venture at the end of the 3-year arrangement. The joint venture is expected to contribute U.S. $10 million to $12 million in additional annual service revenue to Varian Medical Systems. Based on the expected performance of the venture, Varian's investment in the transaction is expected to be in the range of $18 million to $20 million.

Back to Daily News

 

Daily News

...........................................................

Sep 25, 2014: Cub Cadet's new lawn tractor has Bluetooth and its own app

Sep 24, 2014: GE has the highest ranked appliance brand website; h.h. gregg ranked top appliance retailer website

Sep 24, 2014: Haier becomes first refrigerator maker to offer a lifetime compressor warranty

Sep 24, 2014: New condensing dishwasher from Whirlpool's plant in Wroclaw, Poland

Sep 24, 2014: Index points to growth in consumer spending on tech products in remaining months of 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows