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RSS FeedsOlympus Sells Camera Division to Investment Fund
(Photography Blog)

 
 

25 june 2020 18:13:19

 
Olympus Sells Camera Division to Investment Fund
(Photography Blog)
 


Olympus has entered talks to sell its imaging camera business to investment fund Japan Industrial Partners by the end of 2020. Accounting for about 6% of Olympus in terms of overall revenue, the company`s imaging division has posted consecutive losses for the past few years. A rapidly declining market and Covid-19 seem to have prompted Olympus to offload their current portfolio of Micro Four Thirds cameras and lenses.In the immediate future, `Olympus Imaging will operate with business as usual: we will continue to work on innovative initiatives for our customers and we will launch new products as planned.` What happens after 2020 remains to be seen...


 
67 viewsCategory: Culture > Photography
 
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