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 field of medical imaging, announced that Midea has completed the acquisition of the controlling stake in its share capital. Midea is a global technology group based in Shunde District, Foshan City, China.
This transaction is aimed at promoting collaboration between Esaote and Midea's medical business segment in order to enhance international competitiveness. Esaote will become 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.
For Esaote, this is an important opportunity. Esaote indicates that Mei is a globally renowned company with a solid foundation, possessing mature industrial capabilities and a comprehensive international network. By making targeted investments in research and development, operations, and manufacturing capabilities, it will accelerate the growth of Esaote.
This new partnership will enable Esaote to gain a broader technical ecosystem, more complementary imaging capabilities, and a larger innovation platform. Esaote is expected to use this opportunity to advance product development, shorten the innovation cycle, and explore new application scenarios and market segments.
At the same time, this transaction will also strengthen Midea's position in the global medical imaging business. Midea stated that its complete product portfolio, which covers DR, high-field strength MRI, CT, and DSA, complements the globally recognized premium brands and mature advantages of Esaote in ultrasound, open and dedicated MRI systems, as well as medical IT solutions. As a result, a strong synergistic effect will be generated 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 operations and gained increasingly widespread global recognition in the clinical and scientific communities. With the support of one of Midea's most successful technology groups, Esaote will proudly contribute its vision and innovation to further advance the healthy development of healthcare."
President of Midea's Medical Business Unit, Jinlei Chen, declared:The acquisition of Esaote is strategically aligned with Midea Medical. Esaote possesses outstanding professional capabilities, strong innovation skills, and a highly respected reputation. We believe that by combining its technology and vision with Midea Medical’s technology and international resources, we can further expand its global reach 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 innovative company in the field of medical imaging in Italy. The group achieved revenue of 267 million euros in the fiscal year 2025, of which 70% came from international markets. The company is one of the top ten manufacturers of ultrasound and open and dedicated MRI equipment globally, as well as one of the leading enterprises in the field of medical IT. The company 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's business covers more than 100 countries around the world. Website: www.esaote.com
About Midea:Midea Group Co., Ltd. is headquartered in Shunde District, Foshan City, Guangdong Province. It is a global technology group in China that was established in 1968. Its business covers 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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