Midea completes the acquisition of Esaote
Midea Group completes the acquisition of Esaote, reiterating its commitment to healthcare and innovation.
Genoa, Italy, October 21, 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, Foshan, China, has completed the acquisition of a majority stake in its capital stock.
This transaction is aimed at promoting collaboration between Esaote and Midea's medical division in order to enhance international competitiveness. Esaote will become 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 manufacturing bases in Italy and the Netherlands.
For Esaote, this is a major opportunity. Esaote indicates that [Company Name] is a globally renowned enterprise with a proven track record of success, possessing verified industrial capabilities and a comprehensive international network. Through strategic investments in research and development, operations, and manufacturing capabilities, it will drive the growth of Esaote.
This new collaboration will enable Esaote to better integrate into a broader range of technical ecosystems, complementary imaging capabilities, and more extensive innovation platforms. As a result, Esaote will be in a more advantageous position to strengthen product development, shorten the innovation cycle, and explore new application and market segments.
At the same time, this transaction will also strengthen Midea's position in the global medical imaging field. Midea stated that its complete product portfolio covers digital X-ray photography ( DR ), high-field magnetic resonance ( MRI ), computed tomography ( CT ), and digital subtraction angiography ( DSA ). This complements perfectly with the globally renowned high-end brands of Esaote in ultrasound, open and dedicated magnetic resonance systems, as well as their existing advantages in medical information solutions, thereby creating a strong synergistic effect between the two 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 gained increasing global recognition in the clinical and scientific communities. With the support of one of Midea's most successful technology groups, Esaote will proudly contribute its vision and innovation to continue driving progress in healthcare.
President of Midea's Medical Business Unit, Jinlei Chen, declared:The acquisition of Esaote is highly aligned with Midea Medical's strategic direction. Esaote possesses outstanding professional capabilities, strong innovation strength, and a solid reputation. We believe that by combining its technology and vision with Midea Medical's technology and international resources, we can further expand its global influence and contribute to the advancement of healthcare. We are delighted to embark on this new phase together.
Midea Group President Eric Wang declared:We are delighted to welcome Esaote to join Midea Group. This acquisition is an important step in our healthcare strategy and reflects our long-term commitment to supporting innovative medical technologies with global potential. The combination of Esaote and Midea will create a more comprehensive and diverse portfolio of imaging solutions, providing customers with more choices and enhancing the accessibility of advanced diagnostic technologies in international markets.
About Esaote:Esaote is a leading Italian innovative medical imaging company. In the fiscal year 2025, the group achieved revenue of 267 million euros, of which 70% came from international markets. The company ranks among the top ten manufacturers of ultrasound equipment, as well as open and dedicated magnetic resonance equipment globally, and is also a leader in the field of medical information solutions. The company 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 established in 1968, with its business covering seven major sectors: smart home, industrial technology, building technology, robotics and automation, new energy, medical health, and intelligent logistics. In 2025, Midea Group's global revenue was 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 Medical Health Division ( Midea Healthcare ), which focuses on intelligent medical imaging equipment and solutions.
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