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News:

 

September 30, 2020
Olympus agrees on transfer of its imaging business to JIP
Olympus agrees on transfer of its imaging business to JIP The previously announced sale of Olympus' imaging business is sealed on schedule: Olympus Corporation and Japan Industrial Partners Inc. (JIP) have agreed that Olympus will separate the business a newly founded wholly owned subsidiary. On January 1, 2021, OJ Holdings, Ltd., a special purpose company established by JIP, will take over 95 percent of the new company’s shares. According to a press release, the agreement applies to Olympus' global imaging business, including all R&D and production sites, as well as the Zuiko and OM brands. The new company may also continue to use the Olympus brand for the foreseeable future, Olympus said answering a request of INTERNATIONAL CONTACT. There were no plan that the use of the Olympus brand is to be discontinued immediately after the transfer is completed, the company added. more...