Fuji Photo Film Co. announced this week a deal to acquire 100 percent of Fuji Medical Systems France S.A. (FMSF), a French medical imaging products distributor, as well as TSR Holding S.A. (TSR), a French medical equipment service and maintenance company from GRED S.A., their holding company. The transaction is expected to be completed in February, according to a company news release.
FMSF has built a solid market base in France as a distributor of Fujifilm's medical imaging products. Its sales of FCR and Fujifilm dry imagers have been growing rapidly and are expected to continue growing. TSR also is showing steady growth in service and maintenance of medical equipment, Fuji said.
The acquisitions will provide Fujifilm with a medical sales subsidiary in France, in addition to already existing subsidiaries in Germany, U.K., Italy and Spain, all of which play a core role in medical imaging products sales within the EU. The move could also mean steeper competition for Kodak in the European Union (EU).
Fuji Medical Systems France pulled in nearly $120 million in sales during 2004 through its medical imaging products distribution business.