Terumo

Terumo Corporation
Public KK
Traded as TYO: 4543
Nikkei 225 Component
Industry Medical equipment
Founded September 17, 1921
Headquarters 44-1, 2-chome, Hatagaya, Shibuya-ku, Tokyo 151-0072, Japan
Key people
 Koji Nakao, (CEO and Chairman)
Yutaro Shintaku, (President)
Products
Revenue

Increase $ 4.27 billion (FY 2012)

(¥ 402.294 billion) (FY 2012)

Increase $ 500.01 million (FY 2012)

(¥ 47.01 billion) (FY 2012)
Number of employees
 19,261 (consolidated) (as of September 30, 2013)
Subsidiaries Terumo Cardiovascular Systems, Corp.
Vascutek Ltd.
Microvention Inc.
Website Official website
Footnotes / references
[1][2]

Terumo Corporation (テルモ株式会社 Terumo Kabushiki-gaisha) was founded in 1921 as Sekisen Ken-onki Corporation by a group of medical scientists led by Dr. Kitasato Shibasaburō to produce medical thermometers in Japan.

The company's first product was "Jintan Taionkei", the first Japanese-made thermometer available for sale, and it has since expanded into a medical devices manufacturer, producing medical disposables, cardiovascular systems and diabetes care products.

In 1971, Terumo opened its first overseas office in the United States. Since then, the company has established subsidiaries in Europe (1971), South America, China, India, Philippines, Vietnam, Thailand and Australia. The company later expanded its product range to include coronary stents and catheters, and acquired, among others, the cardiovascular specialty companies Vascutek and Microvention in 2002 and 2006 respectively.

Business segments and products

A Terumo thermometer

Terumo Corporation operates through three business segments:

Terumo Penpol, the company's subsidiary in India is the largest manufacturer of blood bags in India and supplies it to over 82 countries.[4] Production of medical disposables is also conducted in the company's facilities in Thailand and Hangzhou, China.

Acquisitions

In July 1999 Terumo acquired the cardiovascular division of 3M Company, and established Terumo Cardiovascular Systems Corp. in the USA.

In 2001 the company made two more acquisitions: it acquired the home oxygen division of Sumitomo Bakelite Co., Ltd., and establish Terumo Medical Care K.K., and Ikiken Co., Ltd. of Japan.

In 2002 the company enters into the vascular prostheses business by acquiring UK-based Vascutek Ltd.

Four years later, in 2006 the company ventured into a new field (endovascular coils for the treatment of cerebral aneurysms) by buying American company MicroVention Inc.

The tissue heart valve division of Kohler Chemine GmbH was acquired in March 2007 and expanded Terumo's operations related to vascular prostheses.

A year later the Japanese company Clinical Supply Co., Ltd. became a Terumo subsidiary and enhanced Terumo's interventional systems business in the field of radiotherapy.

In March 2011, the company bought U.S. medical device company CaridianBCT for around $2.6 billion. It was the largest acquisition by a Japanese medical equipment maker at the time.[5]

The same year Harvest Technologies Corporation—a leader in the development of point-of-care cell therapy—and Onset Medical Corp.—a leader in innovative sheath technology designed for multiple, minimally invasive clinical applications—was acquired.[6]

References

  1. ↑ "Terumo Corporate Profile". Retrieved March 17, 2014.
  2. ↑ "Terumo Financial Statement". Retrieved March 17, 2014.
  3. ↑ "Terumo Products". Retrieved March 17, 2014.
  4. ↑ Kurian, Vinson (31 October 2010). "Blood bags co Terumo Penpol turns 25". The Hindu. Retrieved July 24, 2011.
  5. ↑ Mariko Katsumura (March 7, 2011). "Terumo to buy U.S. medical device firm for $2.6 billion". Reuters. Retrieved March 17, 2014.
  6. ↑ "Terumo History". Retrieved March 17, 2014.

External links