Ricoh Buys Pentax Imaging Systems

July 1, 2011 | Mark Goldstein | Global | 5 Comments |
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Ricoh has bought Pentax Imaging Systems for $124.2 million / 85 million Euros. The transfer of Pentax Imaging Systems, essentially Pentax digital cameras, will be made by October 1st 2011. Pentax’s other businesses (digital camera modules, DVD pickup lenses, endoscopes, artificial bones, and voice synthesis) will continue to be devloped by Hoya.

Jonathan Martin, General Manager, Pentax Imaging Systems UK said: “Ricoh is globally renowned within the digital camera industry, having successfully brought a range of products to market since its inception in 1939. We are extremely pleased with today’s announcement and see this as the natural next step in the evolution and continued development of the Pentax brand in the UK and abroad. With Ricoh’s involvement we can continue to grow the Pentax business in the UK and ensure we maintain our commitment to provide our customers with innovative, cutting edge, high quality products to suit all camera users.”

Hoya / Ricoh Press Release

NOTICE OF SALE OF THE PENTAX IMAGING SYSTEMS BUSINESS

HOYA Corporation (“HOYA”) and Ricoh Company, Ltd. (“Ricoh”) 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 “PENTAX Imaging Systems Business”) 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 (Estimated).

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.

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.

HOYA merged (kyushu gappei) with PENTAX Corporation on March 31, 2008, and has developed the PENTAX Imaging Systems Business assigned from PENTAX Corporation until now. As part of selecting and focusing its management resources, HOYA has decided to cause NewCo to succeed the PENTAX Imaging Systems Business via the Corporate Split, transfer the business and shares, etc. of HOYA’s Imaging Systems business subsidiary to NewCo via a business transfer and share/interests transfer, and thereafter, transfer all shares of NewCo to Ricoh.

Ricoh’s core business is office solutions focusing on MFPs, Ricoh has also introduced many cameras to the market since its inception in 1936. Ricoh was one of the first manufacturers to launch digital cameras in 1995 and Ricoh’s current high-end compact digital cameras are well regarded in the industry.

Now Ricoh aims to establish a consumer business. As a first step to achieve this goal, Ricoh strengthens its camera businesses. Ricoh takes it as an indispensable initiative to obtain the small and lightweight interchangeable lens camera technology, lens technology and sales channels held by the Pentax Imaging Systems Division to pave the way for further advancement and innovations in the digital camera mark…



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#1 Low Budget Dave

When Pentax anounced the Q camera, everyone predicted they would be gone in six months. It took less than a month.

Here's the moral of the story: If you announce that you just combined all the disadvantages of a DSLR with all the image quality of a cell phone, your company is about to be sold for the price of the furniture.

11:32 am - Friday, July 1, 2011

#2 Imaging Education Requirements

Pentax, i have never heard much! thanks

12:16 pm - Friday, July 1, 2011

#3 Itai

Truly sad news. The Q system seems misguided but to be bought another company with even less success and credibility in the camera market is a death blow. RIP

5:15 pm - Tuesday, July 5, 2011

#4 Michael

Actually, this is a good thing. Ricoh have a rich history in camera's, not so for Hoya. Both Ricoh and Pentax have a history of producing high quality products that apeal to the enthusiast and have a unique appeal.

I think this will be a good marriage.

8:28 pm - Tuesday, July 5, 2011

#5 rob

One company without a clue buys another one. That's like a blind man trying to guide a deaf man.

Obviously, neither one of those two knew how to make a transition from film cameras to digital cameras. That's a pity, because, as Michael mentioned above, they used to be some of the best in their respective categories 15-20 years ago.

I predict that the combination Ricoh/Pentax will be soon bought by some refrigerator manufacturer or maybe a grocery-store chain (apparently, even Samsung backed off from the cooperation with Pentax).

We loose some venerable photographic brands (Rollei, Bronica, Minolta, Konica, Polaroid, Pentax) - on the other hand, we gain new and very dynamic brands, like Panasonic, Sony, Sigma, Samsung, Casio, who have never made film cameras and now some of them are becoming major players in the digital world of photography. I won't be loosing my sleep over the Pentax's plight...

1:08 am - Wednesday, July 6, 2011