Konica Minolta Signs Business Transfer Agreement with Panasonic Healthcare Regarding Ultrasonic Diagnostic Equipment Business

Tokyo (July 26, 2013) - Konica Minolta, Inc. (Konica Minolta) today announced that the company has signed a business transfer agreement with Panasonic Healthcare Co., Ltd. (Panasonic Healthcare) under which ultrasonic diagnostic equipment business of Panasonic Healthcare is to be transferred to Konica Minolta.

Ultrasonic diagnostic equipment has such advantages as enabling real-time diagnostic imaging and putting less physical burden on patients under repeated inspections because of its low-intrusion nature. Further growth is expected in the market in the future.

Konica Minolta and Panasonic Healthcare have been jointly developing ultrasonic systems. For the purpose of further enhancement and expansion of its healthcare business, including ultrasonic diagnostic equipment, Konica Minolta has signed a business transfer agreement under which Panasonic Healthcare's assets necessary for planning, development, manufacturing, sales, maintenance, and so on will be transferred, effective on January 1, 2014. The existing OEM-supply business relationship between Panasonic Healthcare and its customers will also be transferred to Konica Minolta.

Konica Minolta continues to enhance its growth strategy in the healthcare business by expanding digital X-ray diagnostic imaging systems, including the AeroDR, its current mainstream products, fostering Healthcare IT services business and driving growth of business for new ultrasound diagnostic equipment with benefits based on Konica Minolta's innovative strength through the business transaction announced today.

Under the communication message “Giving Shape to Ideas,” Konica Minolta will make further efforts in facing challenges to develop state-of-the-art technologies in the medical imaging fields and create new values for the customers with high-quality products, services and solutions.