Announced
Financials
Sources
Tags
photography
photo products
cameras
Pending
Japan
Photography
Acquisition
Private
Friendly
Majority
Private Equity
Single Bidder
imaging technology
Synopsis
Japan Industrial Partners, a private equity firm, agreed to acquire the imaging business of Olympus, a manufacturer of optical and digital precision technology. Financial terms were not disclosed. Olympus said implemented measures to cope with the extremely severe digital camera market, due to, amongst others, rapid market shrink caused by the evolution of smartphones, but has concluded that its efforts weren’t enough. As it did with VAIO, JIP plans to streamline the business and will continue to develop products using Olympus brands such as OM-D and Zuiko.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.