Nihon Kohden establishes sales subsidiary in India

Nihon Kohden Corporation announced today that it reached an agreement with Span Diagnostics Ltd. (SPAN), a company primarily engaged in the business of manufacturing and distribution of diagnostic products, to acquire the Hematology Analyzer Division Business of SPAN. The company also established a sales subsidiary, Nihon Kohden India Private Ltd.
 
In India, Nihon Kohden has provided sales and support services through its network of local distributors such as SPAN. SPAN has been Nihon Kohden’s distributor of hematology analyzers over the last ten years and their sales and support activities have enabled the Company to earn a high reputation and high number of installations. In 2008, the Company and SPAN established a joint-venture company, Span Nihon Kohden Diagnostics Private Ltd., to manufacture reagents.
 
In India, the medical service environment is improving along with strong economic growth and demand for medical devices is expected to grow. The newly established Nihon Kohden India will enlarge its sales and support activities from hematology analyzers and reagents to the Company’s core products such as patient monitors. Nihon Kohden aims to increase its sales in India by five times in the next 5 years.
 
Under its SPEED UP III mid-term business plan, Nihon Kohden will strengthen operations in emerging economies to seize growth opportunities. The Company will continue to develop products tailored to emerging markets as well as expanding sales networks.

[Outline of the new subsidiary]