Midea completes the acquisition of Esaote
Midea Group completed the acquisition of Esaote, demonstrating its commitment to healthcare and innovation.
Genoa, Italy, October 9, 2026 / PRNewswire / — Esaote S. p.A, a company in the medical imaging field, announced that Midea has completed the acquisition of its controlling stake in the company's capital. Midea is a global technology group headquartered in Shunde, Foshan, China.
Esaote indicates that this transaction is aimed at promoting collaboration between Esaote and Midea's medical business segment in order to enhance international competitiveness. Esaote will become a part of Midea's medical division and will continue to operate as an independent global medical equipment company, with its headquarters located in Genoa, Italy, and research and manufacturing facilities in Italy and the Netherlands.
Esaote indicates that this is an important opportunity for the company. Midea is a globally renowned enterprise with a solid foundation, possessing mature industrial capabilities and a comprehensive international network. Through targeted investments in research and development, operations, and manufacturing capabilities, it will accelerate the growth of Esaote.
According to the company's statement, the new partnership will enable Esaote to gain broader access to technology ecosystems, complementary imaging capabilities, and a larger innovation platform. Esaote will be able to advance product development more effectively, shorten the innovation cycle, and explore new application scenarios and market segments.
At the same time, this transaction will also strengthen Midea's presence in the global medical imaging business. Midea stated that its comprehensive product portfolio, which covers DR, high-field strength MRI, CT, and DSA, will complement Esaote's globally recognized premium brand positioning, as well as its proven advantages in ultrasound, open and dedicated MRI systems, and medical IT solutions. This will create 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 an exciting new phase for Esaote. Over the past few years, the company has expanded its international business and gained increasingly widespread global recognition in the clinical and scientific communities. With the support of Midea, one of the most successful technology groups, Esaote is proud to contribute its vision and innovation to further advancing the healthy development of healthcare."
Midea's President of Medical Business, 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 respected reputation. We believe that by combining its technology and vision with Midea Medical's technology and international resources, we will be able to further expand its global influence and contribute to advancements in healthcare. 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 step in our healthcare strategy and also reflects our commitment to long-term support for innovative medical technologies with global potential. The combination of Esaote and Midea will create a more comprehensive and diversified range of imaging products, expand customer choices, and improve access to advanced diagnostic technologies in international markets.
Regarding Esaote:Esaote is a leading Italian company in 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 one of the top ten manufacturers of ultrasound and open as well as dedicated MRI devices globally, and is also one of the leading enterprises in the field of medical IT. It has approximately 1,160 employees, with 20% of them engaged in research and development; Esaote invests about 12% of its annual revenue in this area. 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 Chinese global 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. Midea Group's global revenue in 2025 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 business segment, focusing on intelligent medical imaging equipment and solutions.
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