Olympus agrees to sell imaging business by the end of the year

Published DPREVIEW.COM Jun 24, 2020 | Damien Demolder

Olympus has announced it’s agreed in principle to divest itself of its imaging business by transferring it to a new company that will continue to run it. The company that will run the new business is Japan Industrial Partners, and Olympus hopes that the final agreement will be made in September and the deal closed by the end of the calendar year.

In a statement, Olympus says the new company will carry on making and selling camera equipment and suggests it will maintain R&D and manufacturing facilities around the world. Crucially, the new company will also provide support to existing Olympus camera owners.

Read more: https://www.dpreview.com/news/6607157941/olympus-in-agreement-to-sell-imaging-business-by-the-end-of-the-year