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Toshiba Medical Systems Establishes a Subsidiary in Turkey

Toshiba Medical Systems Corporation ("TMSC"), a group company of Toshiba Corporation, today announced that it has entered into an agreement to acquire a majority shares of the stock of a distributor in Turkey, TMST Tıbbi Sistemler Pazarlama Ticaret ve Servis A.S. ("TMST") handling medical diagnostic imaging systems sales and services of TMSC products in Turkish market.

"Expanding its global business of TMSC, Turkey is one of the important market with highest potential in its growth in Healthcare." said Satoshi Tsunakawa, president and CEO, TMSC, "After a decade-long successful partnership, this acquisition will allow TMSC to significantly strengthen to carry out all business processes directly in the Turkish market, by integrating our activities to meet market-oriented activities, as well as expand its local presence in the market to increase and retain the various range of customers."

Uğur Müftüoğlu, Representative of TMST Tıbbi Sistemler Pazarlama Ticaret ve Servis A.S. stated: "The direct operation will provide valuable customer feedback which can be utilized more efficiently for promoting process innovations in each stage of business, such as development, production, sales, service, and marketing activities, allowing the development of a framework enabling rapid launch of high-value-added systems that will satisfy the needs of the Turkish market."

Under the terms of the agreement, it is anticipated that the closing is conditioned after required regulatory approvals and expected to start the operation from March, 2013.

Overview of the new company

Location :

Kısıklı Mah. Alemdag Caddesi No: 60E
Masaldan Is Merkezi E Blok D:10 34692
Camlıca-Uskudar / Istanbul / Turkiye
2) Scope of business : Sales and service of medical products

Location : Istanbul, Turkey

4) Representative : Uğur Müftüoğlu
5) Number of employees : 67

About Toshiba Medical Systems Corporation

Toshiba Medical Systems Corporation is a leading worldwide provider of medical diagnostic imaging systems and comprehensive medical solutions, such as CT, X-ray and vascular, ultrasound, nuclear medicine, and MRI systems, as well as information systems for medical institutions. Toshiba Medical Systems Corporation has been providing medical products for over 80 years. Toshiba Medical Systems Corporation is a wholly-owned subsidiary of Toshiba. Visit Toshiba Medical Systems Corporation's web site at http://www.toshibamedicalsystems.com/

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 550 consolidated companies, with 202,000 employees worldwide and annual sales surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm

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