Delft Diagnostic Imaging acquired by Canon
Delft Diagnostic Imaging (DDI) is acquired by Canon. The transaction included two main businesses of DDI: Oldelft Benelux and Rogan Delft.
Oldelft Benelux is the leading supplier of digital X-ray imaging systems, systems integration and service of a wide variety of customised complete solutions for radiology departments on the Benelux. Oldelft Benelux has been an important distribution partner for Canon digital radiography systems for over ten years in The Netherlands and Belgium. Building on this partnership, where Oldelft Benelux already incorporates Canon digital radiography products in their services, this business will become a platform for developing future digital radiography services for Canon.
Rogan Delft has developed innovative medical software solutions for sharing digital images and medical records. This business will become a future platform for the development of new Healthcare ICT solutions for Canon including Cross Enterprise Document Sharing for Imaging (XDSI) solutions.
Canon has identified medical imaging as an important focus area for future growth, and believes this investment and expansion of the medical business will bring new opportunities to build on Canon’s success in the digital radiography.
Strategique was engaged by the managing shareholders of DDI to prepare and coordinate the divestment process. We prepared and arranged the initial orientation and management presentation, prepared and construed the disentanglement of Delft Imaging Systems, the third business of DDI, which the shareholders wanted to maintain, and conducted the initial negotiations to the Letter of Intent. Our client and Canon’s executive management were kept out of these direct negotiations in order not to disturb the commercial relation between the parties. Subsequently we managed the data room and information exchange and coordinated the final purchase and other contracts and the closing documentation, collectively with the lawyers. The process took 14 months, partly due to the 2012 earthquake and tsunami in Japan, but mainly caused by the complexity of the transaction.
