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

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

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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