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Olympus Completes Transfer of Imaging Business
4 January 2021
Olympus has announced it has completed the transfer of its imaging business to Japan Industrial Partners, effective Jan. 1. The imaging business will continue under the name OM Digital Solutions Corp., which will be responsible for ongoing product support for Olympus imagine products.
The transfer was based on the parties' Sept. 30, 2020 agreement.
"OM Digital Solutions Corp. will develop and introduce unique products to create new value while continuing to provide high-quality, highly reliable products, including the Zuiko and OM brands, which are grounded in optics and digital imaging technologies cultivated by Olympus over many years as well as IC recorder that combines advanced digital voice and sound recording technology with comfortable operability," said Shigemi Sugimoto, representative director and president of OM Digital Solutions Corp. and former imaging division head of Olympus.
Yasuo Takeuchi, president and CEO of Olympus Corp., added, "The imaging business has been at the heart of Olympus since the launch of our first camera, the Semi-Olympus I in 1936, so I am delighted that it will continue to develop and thrive under OM Digital Solutions Corp. Following the transfer of the imaging business, Olympus will concentrate on medical and scientific solutions, in our ongoing efforts to become a global medtech company which offers products and services to make people's lives healthier, safer and more fulfilling."
The OM Digital Solutions Corp. Web site will go live tomorrow.
Text of the announcement follows:
Olympus Completes Transfer of Imaging Business
TOKYO, Jan. 4 -- Olympus Corp. ("Olympus") concluded the transfer of its Imaging business to Japan Industrial Partners Inc. ("JIP") on Jan. 1. The final transfer was based on the definitive agreement both parties signed on Sept. 30, 2020, which included details of the arrangement. With completion of the transfer, OM Digital Solutions Corp. takes over the Imaging business from Olympus.
Heads of sales and marketing and R&D for imaging products will be relocated to the headquarters of OM Digital Solutions Corp. Production will continue at the facility in Dong Nai province, Vietnam, where imaging products have been manufactured since 2008. OM Digital Solutions Corp. will continue to provide customer support for the imaging products which have been manufactured and sold by Olympus.
"OM Digital Solutions Corp. will develop and introduce unique products to create new value while continuing to provide high-quality, highly reliable products, including the Zuiko and OM brands, which are grounded in optics and digital imaging technologies cultivated by Olympus over many years as well as IC recorder that combines advanced digital voice and sound recording technology with comfortable operability," said Shigemi Sugimoto, Representative Director and President of OM Digital Solutions Corp. and former Imaging Division Head of Olympus..
"The Imaging business has been at the heart of Olympus since the launch of our first camera, the Semi-Olympus I in 1936, so I am delighted that it will continue to develop and thrive under OM Digital Solutions Corp.," added Yasuo Takeuchi, President and CEO of Olympus Corp. "Following the transfer of the Imaging business, Olympus will concentrate on Medical and Scientific Solutions, in our ongoing efforts to become a global medtech company which offers products and services to make people's lives healthier, safer and more fulfilling."
Information on OM Digital Solutions Corporation:
- Company name: OM Digital Solutions Corporation
- Location of headquarters: 49-3, Takakura-cho, Hachioji, Tokyo
- Web site: https://om-digitalsolutions.com/ (available from Jan. 5)
- Representative Director: Shigemi Sugimoto (Representative Director and President)
- Business operations: Operations involving the manufacture and sale of digital cameras (primarily mirrorless interchangeable lens cameras), interchangeable lenses and audio products including IC recorders
- Capital: Around 37 billion yen (As of Jan. 1)
- Number of employees: around 2,000 globally
Please refer to the new corporate Web site for OM Digital Solutions Corp. regarding customer support, products and service information.