China Investor Syndicate Acquires Esaote, an Italian Imaging Device Company

Esaote S.p.A., an Italian medical imaging company, has been acquired by a group of China investors. The China syndicate was headed by Yunfeng Capital, Alibaba's investment arm, and joined by several China medical device makers and investment firms. The price was not disclosed. Esaote will continue as a standalone company headed by its current CEO, Karl-Heinz Lumpi. The China investors intend to introduce Esaote's products -- Ultrasound and MRI scanners, together with associated IT -- to the China market. The company produced $317 million of revenue in 2016. More details.... Stock Symbol: (NYSE: BABA) Share this with colleagues: // //