Sony to Invest More Than $100 Million in Israeli Companies
Globes – Sources inform ”Globes” that Sony Corporation (NYSE: SNE; TSE: 6758) is actively seeking to invest hundreds of millions of dollars in Israeli medical technologies. The company has established a team to review the Israeli market to seek out companies for investment or acquisition. The team has already held intensive meetings with Israeli venture capital funds and companies. This is the first time that Sony has operated in such a manner and if the process is successful, the company’s acquired or in the investment portfolio may form the basis for a Sony development center in Israel.
The link between the Japanese consumer electronics giant and medical technologies is not as astonishing as may first appear. The company is already active in the field, it offers technologies for documentation, storage, and specialized cameras for imaging and devices for recording the images, high-resolutions screens for displaying images and medical information, and printers. It is also interested in batteries for medical devices, which must be more reliable than regular batteries.