Image: Advantech has acquired a 60% stake in Kostec, a medical display company (Photo courtesy of (Photo courtesy of iStock).
Advantech (Taipei, Taiwan), which provides computing systems for the medical market, has announced that it has acquired a 60% stake in Kostec (Gangwon-do, South Korea), a medical display company.
Advantech offers comprehensive system integration, hardware, software, customer-centric design services, embedded systems, automation products, with its solutions finding a wide range of applications in diverse industries. Its digital healthcare portfolio includes medical grade PoE information terminals, medical computers for the operating room, mobile medical carts, and telemedicine solutions. Kostec offers medical grade LCD monitors and industrial LCD monitors with specialized capabilities in diagnostic, surgical, X-ray modality, clinical review, medical information consulting systems and ultrasound monitors.
Advantech expects Kostec’s medical display expertise and business exposure in South Korea, Southeast Asia, and the North American markets, combined with its own global brand and sales, marketing, and services network in Europe, Greater China, the Middle East, and Australia, to further aid its growth in the smart medical field. In addition to extending global cooperation in medical displays, Kostec will also adopt and sell Advantech’s digital healthcare products in the South Korean market.
“Though Advantech has product development capabilities and sales teams in medical nursing carts, medical tablets, and medical computing areas, we are still learning about professional-grade medical display product lines for the operating room,” said Advantech CEO KC Liu. “We expect to rely on Kostec’s industrial experience and professional techniques and expertise, in combination with Advantech's existing global marketing and sales teams, to expand Advantech’s position in the intelligent hospital field.”
Kostec President and CEOOh-Sung Kwon said, “Kostec has been focusing on manufacturing medical grade displays for the past 13 years and we represent ourselves as a dedicated medical grade display provider with a full range product line-up in diagnostic monitors, surgical monitors and X-ray monitors. Moreover, we have recently completed the development of a high-resolution 4K/2K true-flat monitor, which, with its IP specifications, is suitable for the operating room environment. We strongly believe it will stimulate future sales of surgical displays for OR integration. Hence, the incorporation between Advantech and Kostec will bring significant synergy in quality, procurement, logistics, and sales.”