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The Boston Globe

Business

MASS. MOVERS

Japanese firm agrees to buy Zoll Medical

Zoll makes defibrillators and other medical devices.

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Japan’s Asahi Kasei Corp. has agreed to buy Zoll Medical Corp., a Chelmsford company that makes Lifevest defibrillators and other medical devices, for about $2.2 billion in an effort to sharpen its focus in the health care business. Asahi Kasei is a major Japanese chemical manufacturer with a variety of businesses including health care. Under the deal announced Monday, Asahi is offering $93 per share for each Zoll share, a 24 percent premium over Zoll’s closing price of $75.10 on March 9.

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