Konica Minolta Announces the Closing of Ambry Genetics Acquisition

Ramsey, NJ, Oct. 24, 2017 -- Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leader in Technology and IT Services, today announced that its parent company Konica Minolta, Inc. and Innovation Network Corporation of Japan (INCJ) closed their joint acquisition of Ambry Genetics Corporation on October 19, 2017. Known as a pioneer and thought leader in genetic testing, Ambry is the first laboratory in the world to offer hereditary cancer panels and clinical exome sequencing. 

This strategic acquisition was announced on July 6, 2017. Through this acquisition, Konica Minolta, Inc. and INCJ will accelerate the precision medicine business by creating a new medical platform to improve patients’ quality of life while proving to be more cost effective for the healthcare system. Ambry chose to partner with Konica Minolta, Inc. to accelerate the development of new diagnostic tests for many different diseases for patients worldwide. Together they have the combined resources, technology and scale to advance biomedical research globally, resulting in better tests for doctors and more precise treatments for their patients.

“This acquisition is the first in a series of strategic initiatives to secure a leading position for Konica Minolta in precision medicine”, said Shoei Yamana, President and CEO of Konica Minolta, Inc. “The future of medicine is patient-focused. Together with Ambry, we will have the most comprehensive set of diagnostic technologies for mapping an individual’s genetic and biochemical makeup, as well as the capabilities to translate that knowledge into information the medical community can use to discover, prevent, and cost-effectively treat diseases. This will not only serve as the future foundation for our healthcare business, but will pave the way for a fundamental shift in the way medicine is practiced globally.”

About Konica Minolta 

Konica Minolta Business Solutions U.S.A., Inc. is reshaping and revolutionizing the Workplace of the Future™ (www.reshapework.com). With our comprehensive portfolio, we deliver solutions to leverage mobility, cloud services, and optimize business processes with workflow automation. Our All Covered IT Services division offers a range of IT strategy, support, and network security solutions across all verticals. Konica Minolta has been recognized as the #1 Brand for Customer Loyalty in the MFP Office Copier Market by Brand Keys for 10 consecutive years and is proud to be ranked on the Forbes 2017 America's Best Employers list. Konica Minolta, Inc. has been named to the Dow Jones Sustainability World Index for five years in a row. We partner with our customers to give shape to ideas and work to bring value to our society. Follow Konica Minolta on Facebook, YouTube, and Twitter @KonicaMinoltaUS.

Konica Minolta is a registered trademark of Konica Minolta, Inc.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1abd0f78-fbc6-4e0d-86c2-5c1863a8b7b3

Kristina Marchitto
Konica Minolta Business Solutions U.S.A., Inc.
201-236-4399
[email protected]