Siemens Malaysia Sdn Bhd (“Siemens Malaysia”) recently acquired the entire shareholding in its associated company, Meditel Electronics Sdn Bhd (“Meditel”), the market leader of state-of-the-art diagnostic and therapeutic medical equipment and services in the country. The strategy will pave the way for Siemens medical equipment and services to gain even more market share in the Healthcare sector.

Mr Rainer Althoff, President and Chief Executive Officer of Siemens Malaysia, was present at the first joint meeting with Meditel Electronics employees. “Healthcare is one of the most im-portant sectors in our growing and increasingly urbanized society; therefore this acquisition is a strategic move to meet the needs of tomorrow. Providing integrated healthcare solutions in the form of equipment and IT-solutions will add even greater value to our customers,” said Mr Althoff.

As a result of the acquisition by Siemens Malaysia, Meditel will gain full access to Siemens’ global network of innovative technology, resources and know-how.

Meditel specializes in providing diagnostic and therapeutic medical systems utilizing magnetic resonance, ultrasound, computer tomography and other advanced technology. Their expertise also includes consultation, planning, conceptualizing, technical support and training related to their solutions. Meditel’s primary customers range from medical centres, clinics, specialist establishments and both private and public hospitals.

Mr. Althoff said the acquisition is expected to pay great dividends. “With the synergies from our combined competencies, we will be able to provide integrated healthcare solutions - using the most innovative medical equipment and IT-solutions. Both Meditel and Siemens will strengthen their respective value propositions to their customers. We fully expect this strategy to allow Meditel to maintain its profitability and achieve double-digit growth,” said Mr Althoff.

Meditel was incorporated in 1986 as a joint venture between Siemens AG and local share-holders to market Siemens Medical Systems. It has grown to be a leader in its field of medical equipment supply and services. Over the past four years, Meditel has increased its turnover by more than 70%.

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About Siemens

Siemens is one of the largest and most diverse electrical engineering and electronics companies in the world with annual sales exceeding Euro 75 billion. Its global network encompasses well over 190 coun-tries with a total workforce of 461,000 people.

Since its inception in Malaysia in 1972, Siemens has actively participated in Malaysia's economic and social dynamic growth. With staff strength of close to 4,000, it has grown to become the second largest German company in Malaysia. Backed by its global network of innovation, Siemens Malaysia assures its customers of international expertise localized and tailor-made to suit their business needs. Today, it is one of the leading technology providers in the country with comprehensive products, services and solutions for various sectors of the nations’ economy such as oil and gas, power, water, process indus-tries, ports, airports, rail, automotive, healthcare, hospitality and telecommunications.

Siemens Group of Companies in Malaysia includes Siemens Malaysia Sdn Bhd, Siemens Industrial Workshop Sdn Bhd, Siemens Multimedia Sdn Bhd, OSRAM (M) Sdn Bhd, OSRAM Opto Semiconduc-tors (Malaysia) Sdn Bhd, Siemens VDO Instruments MY Sdn Bhd, Siemens VDO Components MY Sdn Bhd, Siemens VDO Automotive MY Sdn Bhd and Meditel Electronics Sdn Bhd.

This press release has been published by Essence Communications on behalf of Siemens Malaysia Sdn Bhd. Your contacts at Essence Communications:
Ms Seah Lu Sean (lusean@my-essence.com)
or Ms Au Yeong Siew Pheng (siewpheng@my-essence.com) at +603 7493 5588.