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Mindray to Acquire a Controlling Stake in Beijing Precil

  We are pleased to announce that Mindray has reached an equity transfer agreement with Beijing Precil Instrument Co., Ltd. (“Precil”), through which Mindray will acquire a controlling stake in Precil.

Under the agreement, Precil will give Mindray access to its R&D, manufacture, sales and services capabilities. Precil’s thrombotic and hemostatic products will complement Mindray’s existing in-vitro diagnostic products in hematology, biochemistry, urine and microbiology analysis, enabling Mindray to provide even better total solutions to customers. Precil’s products will help Mindray meet the increasingly stringent requirements for pre-operative screening and cardiovascular disease detection. This acquisition presents another great opportunity for Mindray to continue to expand its marketplace and sustain rapid business growth.

Mindray has no plan to change Precil’s employee base and will continue all of Precil’s contracts as agreed upon before the acquisition. Mindray will also maintain Precil’s existing policies on sales and after-sales services.

Mindray will leverage its strong platforms in manufacturing, research and development, quality assurance, and sales and marketing to support Precil’s future development. Mindray will work closely with Precil to help strengthen our leading position in China’s thrombotic and hemostatic detection market.

 We believe our collaboration with Mindray will create many synergies for both parties. Together, we can provide better products and services to our customers and create more career opportunities for our employees.

About Mindray:

 Headquartered in Shenzhen, China, Mindray is a leading developer, manufacturer and marketer of medical devices worldwide. The company has three well-established business segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products and Medical Imaging Systems. In 2006, Mindray was listed on the New York Stock Exchange (Code: MR). For more information, please refer to Mindray website at 

Shenzhen Mindray Biomedical Electronics Co., Ltd.

 Oct. 31. 2012


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