Fujifilm is a global company that creates innovative products and delivers effective solutions in a wide variety of fields to serve society, contribute to the quality of life and enhance environmental sustainability. Its three main business fields are imaging solutions, document solutions and information solutions.
Founded in 2004 and located in Madison, Cellular Dynamics International (CDI) develops and manufactures fully functioning human cells. CDI, which employs 150 people, was acquired by Fujifilm in March 2015 for $307 million. Founded in 2001 and based in Wauwatosa, TeraMedica Inc. develops software for diagnostic imaging tools. The company employs 40 people, and its software has been deployed at more than 200 U.S. hospitals and more than 300 hospitals outside the U.S. In 2013, Fujifilm signed a U.S. distribution partnership with the company. The acquisition, which makes this relationship permanent, took place in May 2015; price data were not released.
“By welcoming Cellular Dynamics Inc. to the Fujifilm Group and by combining the technologies and knowhow of both companies, we will seek synergies and efficiencies to be more competitive in the field of drug discovery and regenerative medicine,” said Fujifilm CEO Shigetaka Komori.
A Friendly Welcome
As part of a business development mission to Japan in 2015, Wisconsin Economic Development Corporation (WEDC) representatives met with executives at Fujifilm to discuss the acquisitions. WEDC’s goal is to help connect companies with local resources to benefit both the acquiring company and the residents and economy of Wisconsin.
“By welcoming Cellular Dynamics Inc. to the Fujifilm Group and by combining the technologies and knowhow of both companies, we will seek synergies and efficiencies to be more competitive in the field of drug discovery and regenerative medicine.”
Two Wisconsin companies, Cellular Dynamics and TeraMedica, were acquired by Tokyo-based Fujifilm in 2015.