Olea Medical to join Canon Medical Systems Corporation Group

Otawara, Japan, October 13, 2015 – Canon Medical Systems Corporation (“Canon”) announced today that Canon has completed the acquisition of the outstanding shares of Olea Medical SA (“Olea”), following approval from the French Ministry of Economy.

Olea Medical
This acquisition enables Canon to accelerate the growth of its MRI business and offer new clinical added value to healthcare providers by leveraging Olea’s cutting-edge software technology for advanced post-processing and image analysis as well as its broad relationships with the world’s key research institutions and customers.

“This partnership means we will benefit from both Canon and Olea’s strengths to accelerate innovation and enhance our global presence”, said Toshio Takiguchi, President and CEO of Canon Medical Systems Corporation, “Through the integration of both R&D teams we believe we could bring the innovative solutions and products to play an important role in the development of MRI systems.”

Fayçal Djeridane, President and CEO of Olea Medical SA stated: “This is great news for Olea’s customers and our fabulous team, and we are happy and proud to join the Canon family. We are convinced this is the right strategy to pursue our commitment to provide a widely accessible, complete package of simple, safe, fast, and accurate tools for full-body image post processing, in order to help doctors improve the diagnosis and follow-up process for patients’ benefit worldwide.”

Canon will also be able to provide the multi-modality solutions by integrating Olea’s post-processing software with “Vitrea”, a widely known enterprise and scanner-connected workstation by Vital Images Inc., another subsidiary of Canon, to improve collaboration among experts, consolidate and standardize workflows and enhance diagnostic confidence.

About Olea Medical

Olea Medical™ designs and markets innovative medical imaging applications that significantly improve diagnostic processes and treatment evaluation. Created in July 2008, Olea Medical has continuously increased its portfolio of innovative vendor-neutral software applications for MRI and CT imaging post-processing, including emergency settings-dedicated ones. Olea Medical’s competitive solutions allowing to speed-up and enhance diagnosis process are now implemented in major health care centers all over the world, and Olea Medical aims to becoming the leading provider of safe and accurate medical imaging software. More information at www.olea-medical.com

About Canon Medical Systems Corporation

Canon 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. Canon Medical Systems Corporation has been providing medical products for over 80 years. Canon Medical Systems Corporation is a wholly-owned subsidiary of Canon. Visit Canon Medical Systems Corporation’s website at www.toshibamedicalsystems.com

About Canon

Canon Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into five strategic business domains: Energy & Infrastructure, Community Solutions, Healthcare Systems & Services, Electronic Devices & Components, and Lifestyles Products & Services. Guided by the principles of The Basic Commitment of the Canon Group, “Committed to People, Committed to the Future”, Canon promotes global operations and is contributing to the realization of a world where generations to come can live better lives.

Founded in Tokyo in 1875, today’s Canon is at the heart of a global network of over 580 consolidated companies employing over 199,000 people worldwide, with annual sales surpassing 6.6 trillion yen (US$55 billion).

To find out more about Canon, visit www.toshiba.co.jp/index.html

Olea Medical is a trademark of Olea Medical SA.

CONTACT:

Teruhiko Kogane

Phone: +81-287-26-5100

E-mail: teruhiko.kogane@toshiba.co.jp