Canon takes majority stake in MR coil company, QED

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Canon takes majority stake in MR coil company, QED

by Thomas Dworetzky, Contributing Reporter | November 04, 2019
Business Affairs MRI
Ohio-based RF coil maker Quality Electrodynamics (QED) has sold a 70 percent ownership interest to Canon. Plans call for it to keep its name and become a consolidated subsidiary of Canon — and stay in its present location in Mayfield Village.

“Now that we can access Canon’s state-of-the-art imaging and electronics technology, it will provide a new platform for QED to keep innovating, which is our lifeline,” said company CEO Dr. Hiroyuki Fujita.

Fujita will stay at the helm and keep his minority ownership stake. He will also become CTO for Canon Medical Systems’ MR Division.

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Albert B. Ratner, a QED Board member, called the new relationship “a tremendous opportunity for QED and its 175 associates,” and added that the opportunity to remain in Mayfield Village was important because “the State of Ohio and Cuyahoga County have been key to our success.”

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