Fujifilm says aims to spend $4.5B on M&A over three years

TOKYO - 30 August 2017: Fujifilm Holdings Corp (4901.T) said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking.

The company in December announced a deal to buy Takeda Pharmaceutical’s (4502.T) 71 percent stake in Wako Pure Chemical Industries for $1.3 billion in a bid to expand its healthcare business. Last year, it was outbid for Toshiba Medical Systems by Canon Inc (7751.T).