Yokogawa Electric Corporation and its wholly owned subsidiary Yokogawa Medical Solutions Corporation announce the signing of a memorandum of understanding with Fujitsu Corporation on the joint creation of new businesses focused on the future of medical care. Under this agreement, Fujitsu will take a minority shareholding in Yokogawa Medical Solutions.
Fujitsu, starting with its electronic medical record systems, has been active in the fields of healthcare and social welfare, and in December 2013 launched the Center for the Future of Medical Care, the goal of which is to pursue medium- to long-range technology development and create new businesses and new markets in the field of next-generation health and medical care.
Since its founding in 1993 as a Yokogawa Electric medical-business project, Yokogawa Medical Solutions has achieved growth and now provides mainly large and medium-sized hospitals with medical-imaging and radiology-information systems. More recently, it has expanded into radiology-therapy information systems, where it has built a strong foundation of technology and expertise.
This alliance will bring together the expertise and technology of the two companies to conduct joint research and development in areas such as radiological therapy, an increasingly important field as the number of cancer patients increases. The two partners will also look to provide new services using information and communication technology.
The two companies will work together to create new businesses focused on the future of medical care and will build businesses in the field of next-generation health and medical care. Yokogawa Medical Solutions will also continue to actively develop its existing businesses.
Fujitsu (fujitsu.com) is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014.
Yokogawa's global network of 88 companies spans 55 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa (yokogawa.com) is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food.