Midea completes the acquisition of Esaote
Midea Group completed the acquisition of Esaote, once again reaffirming its commitment to healthcare and innovation.
Genoa, Italy, October 9, 2026 / PRNewswire / -- A leading enterprise in the field of medical imaging, Esaote S. p.A. announced that Midea, a global technology group headquartered in Shunde District, Foshan City, China, has completed the acquisition of the majority of its shares.
The announcement states that this transaction is aimed at promoting collaboration between Esaote and Midea's medical division in order to enhance their international competitiveness. Esaote will become a part of Midea's medical business and will continue to operate as an independent global medical equipment company, with its headquarters located in Genoa, Italy, and research and development as well as manufacturing bases in Italy and the Netherlands.
Esaote indicates that this represents an important opportunity for the company: As a renowned and well-established global enterprise with mature industrial expertise and a comprehensive international network, Midea will accelerate the growth of Esaote through targeted investments in research and development, operations, and production capabilities.
The announcement states that this new partnership will enable Esaote to better connect with a broader range of technical ecosystems, complementary imaging capabilities, and larger innovation platforms. Esaote will thus be in a favorable position to advance product development, shorten the innovation cycle, and explore new applications and new market segments.
In addition, this transaction will also strengthen Midea's position in the global medical imaging market. The announcement states that Midea's complete product portfolio covers radiology, high-field magnetic resonance, computed tomography, and digital subtraction angiography ( DSA ), which complements perfectly with the globally renowned high-end brands of Esaote, as well as its existing advantages in fields such as ultrasound, open and dedicated magnetic resonance systems, and medical information solutions, thereby creating a strong synergistic effect for both parties.
The company will continue to be led by Franco Fontana, and the new shareholders have confirmed that he will continue to serve as the CEO.
Esaote Chief Executive Officer Franco Fontana Statement:This transaction marks the beginning of an exciting new phase for Esaote. Over the past few years, the company has expanded its international business and established an increasingly solid reputation in the global clinical and scientific communities. With the support of one of Midea's most successful technology groups, Esaote will proudly contribute its vision and innovative spirit to further drive the development of the healthcare industry.
Jinlei Chen, President of Midea's Medical Business Unit, declared:The acquisition of Esaote is in line with Midea Medical's strategic logic. Esaote stands out for its excellent professional capabilities, strong innovation strength, and mature market reputation. By combining its technology and vision with Midea Medical’s international resources, we believe we can further expand its global presence and contribute to the advancement of medical care. We are delighted to embark on this new chapter together.
Midea Group Executive President Eric Wang declared:We are very pleased to welcome Esaote to join Midea Group. This acquisition is an important milestone in our healthcare strategy and also reflects our long-term commitment to innovative medical technologies with global potential. The combination of Esaote and Midea will bring a more complete and diverse range of imaging products, thereby expanding customer choices and improving access to advanced diagnostic technologies in international markets.
About Esaote
Esaote is an Italian company at the forefront of medical imaging innovation. In the fiscal year 2025, the group achieved revenue of 267 million euros, of which 70% came from international markets. The company is among the top ten manufacturers of ultrasound and open and dedicated magnetic resonance equipment in the world and is also one of the leading enterprises in the field of medical information technology. It has approximately 1,160 employees, with 20% of them engaged in research and development; Esaote invests about 12% of its annual revenue in research and development. Through its subsidiaries and extensive sales network, Esaote operates in over 100 countries around the world. www.esaote.com
About Midea
Midea Group Co., Ltd. is headquartered in Shunde District, Foshan City, Guangdong Province. It is a global Chinese technology group that was established in 1968. Its business covers seven major areas: smart home, industrial technology, building technology, robotics and automation, new energy, medical health, and intelligent logistics. In 2025, Midea Group's global revenue amounted to approximately 64.3 billion US dollars. The company is listed on the main boards of the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. In the 2026 Fortune Global 500 list, Midea ranked 231st. In recent years, Midea has established a dedicated medical division focused on intelligent medical imaging equipment and solutions.
© Esaote 2026
