#Italy #Medical Imaging #Midea Group #Genoa #Esaote S.p.A.

Midea Completes Its Acquisition of Esaote: A New Era in Medical Imaging

In a major strategic move, Midea Group, a leading global technology player based in Shunde, Foshan, has completed its acquisition of a majority stake in Esaote S.p.A., an esteemed leader in medical imaging. This acquisition is expected to foster synergies between the two organizations, particularly enhancing Midea’s healthcare division. Esaote will continue operations independently while benefiting from Midea’s extensive technological resources and international reach.

Strengthening Global Competitiveness

Franco Fontana, the CEO of Esaote, has expressed confidence in the acquisition, stating it marks the beginning of a promising new chapter. He emphasized that with Midea's backing, Esaote is poised to expand its international operations significantly and further its recognition within clinical and scientific communities globally. The collaboration aims to drive innovations not only in imaging technology but also in operational capabilities.

The strategic alignment between Esaote's focus on medical imaging and Midea's advanced technological ecosystem illustrates a shared commitment to enhancing healthcare solutions. The Midea Healthcare Division’s resources are anticipated to propel Esaote’s R&D initiatives, ultimately leading to accelerated product development and market expansion.

A Comprehensive Product Portfolio

Esaote, renowned for its expertise in ultrasound and dedicated MRI systems, is set to integrate Midea's diverse product offerings. Midea’s comprehensive range includes digital radiography, high-field magnetic resonance imaging, computed tomography, and digital subtraction angiography, which will complement Esaote’s established strengths.

This merger not only augments the product portfolio for both companies but also paves the way for collaborative innovations in imaging technology, promising improved access to cutting-edge diagnostic solutions for healthcare providers worldwide. Midea’s robust international network will facilitate enhanced market penetration for Esaote’s offerings.

Leadership Continuity and Future Vision

The management of Esaote will remain under the guidance of Franco Fontana, ensuring a smooth transition and continuity in leadership. Fontana highlighted that this support from a distinguished global technology leader will enhance Esaote’s capabilities in delivering innovative healthcare solutions.

Jinlei Chen, the president of Midea Healthcare Division, remarked that integrating Esaote into their framework strategically aligns with Midea's commitment to expanding its healthcare footprint. He expressed enthusiasm about the potential advancements that can arise from merging Esaote’s innovative technologies with Midea’s resources.

Executive Chairman Eric Wang added, “Welcoming Esaote into Midea Group represents a critical step forward in our healthcare strategy. It showcases our long-term commitment to fostering innovative medical technologies with global potential.”

About Esaote and Midea

Founded in Italy, Esaote is a forefront player in medical imaging, having generated approximately €267 million in revenue during fiscal 2025, with a notable 70% of this from international markets. The company is a recognized leader among the world’s top ten manufacturers of ultrasound and open MRI systems, dedicating about 12% of its annual revenue to R&D.

On the other hand, Midea Group was established in 1968 and operates across various sectors including smart home technology, industrial solutions, building technologies, robotics, new energy, healthcare, and intelligent logistics, reporting approximately $64.3 billion in revenues in 2025.

This acquisition thus marks a significant milestone not just for both companies but also for the healthcare technology sector, heralding a new era of innovation in medical imaging, improved patient care, and accessibility to advanced healthcare solutions.