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Hoya sells Pentax camera division to Ricoh
Mark Peters : July 3th 2011 - 21:50 CET
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 Notice of Sale of the Pentax Imaging Systems Business : HOYA Corporation and Ricoh Company hereby announce that pursuant to decisions by the President and CEO of HOYA and Representative Director of Ricoh, respectively, HOYA and Ricoh have executed an agreement as of today to transfer HOYA's PENTAX Imaging Systems Business (the business of developing, manufacturing and selling optical instruments such as digital cameras and replacement lenses, digital camera accessories, security camera-related products, and binoculars), the complete PENTAX Imaging Systems Business to Ricoh.
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Pentax sells imaging division to Ricoh
HOYA will effectuate this transfer by incorporating a new corporation ("NewCo"), cause NewCo to succeed the PENTAX Imaging Systems Business by way of a corporate split (kyushu bunkatsu) (the "Corporate Split"), and transfer all shares of NewCo to Ricoh (such split and transfer shall be referred to as the "Split/Transfer") as of October 1, 2011. Prior to the Split/Transfer, HOYA intends to transfer its interests in PENTAX VN CO., Ltd., an overseas subsidiary of HOYA in relation to the PENTAX Imaging Systems Business, to NewCo. Please note, that since the Corporate Split is a simplified corporate split (kan-i kyushu bunkatsu), disclosure items / content have been partially abbreviated.
Ricoh buys PENTAX Imaging Systems Business
Further, HOYA will continue to develop its businesses assigned from PENTAX Corporation which was merged (kyushu gappei) into HOYA on March 31, 2008 other than the PENTAX Imaging Systems Business, such as its businesses regarding digital camera modules, DVD pickup lenses, endoscopes, artificial bones, and voice synthesis. |
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