Global intelligent systems leader Advantec has announced it will acquire a 60% stake in South Korea's medical display company Kostec. The combination of Kostec’s medical display expertise and its great business exposure in South Korea, Southeast Asia, and North American markets, together with Advantech’s global brand and comprehensive sales, marketing, and services network in Europe, Greater China, the Middle East, and Australia, will enable Advantech to grow and develop even faster in the smart medical field.
Advantech CEO KC Liu stated, “Though Advantech has product
development capabilities and sales teams in medical nursing carts, medical
tablets, and medical computing areas, we are still learning about professional-grade
medical display product lines for the operating room. We expect to rely on Kostec’s
industrial experience and professional techniques and expertise, in combination
with Advantech's existing global marketing and sales teams, to expand Advantech’s
position in the intelligent hospital field.” In addition to the global
cooperation on medical displays, Kostec will adopt and sell the Advantech
Digital Healthcare product lines in South Korea to help grow the regional
iHospital market.
Kostec President and CEO Oh-Sung Kwon said, “Kostec has been
focusing on manufacturing medical grade displays for the past 13 years and we
represent ourselves as a dedicated medical grade display provider with a full
range product line-up in diagnostic monitors, surgical monitors and X-ray
monitors. Moreover, we have recently completed the development of a high-resolution
4K/2K true-flat monitor, which, with its IP specifications, is suitable for the
operating room environment. We strongly believe it will stimulate future sales
of surgical displays for OR integration. Hence, the incorporation between
Advantech and Kostec will bring significant synergy in quality, procurement,
logistics, and sales.”
Source & Image Credit: Advantech