Olympus Announces Sale of Imaging Business

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Olympus Corp. has announced the intent to sell the Olympus Imaging Business to Japan Industrial Partners Inc. (JIP), due to losses experienced over the last three years, according to a statement from Olympus. The imaging business will continue to release Micro Four Thirds cameras and lenses under the Olympus and ZUIKO names.

Olympus signed a memorandum of understanding with JIP that said the companies are entering into further discussions about the potential transfer of Olympus’ long-standing imaging business to JIP by the end of the year. They plan to enter into a legally binding agreement by Sept. 30.

Published: July 2020
BusinessImagingcamerasOlympusOlympus ImagingZuikosalesales agreementMemorandum of Understanding

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