Taiyo Nippon Sanso Corporation (TNSC) recently announced that it has acquired all shares of IMI, a medical equipment sales company, following a stock transfer agreement that TNSC concluded with IMI’s existing shareholders.

TNSC is advancing M&A as a priority strategy under the Ortus Stage 2 medium-term management plan, and is moving ahead on examining alliances as well as M&A toward expanding business in existing domains within the medical business.

The aim of acquisition is to expand business in the respiratory business field by leveraging synergies in IMI’s product development capabilities and TNSC’s sales network. Moreover, Pacific Medico, which was acquired in 2013, also operates in a similar business domain and TNSC will aim to expand that business as well by mutually leveraging product synergies.