Ricoh Establishes Pentax Ricoh Imaging Company

October 3, 2011 | Zoltan Arva-Toth | Global | 1 Comment |
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Ricoh has announced the establishment of Pentax Ricoh Imaging Company as its wholly owned subsidiary. Ricoh’s acquisition of Pentax’s camera business from Hoya had been made public earlier this year. Today’s announcement means that the deal has now been completed-

Ricoh Press Release

Ricoh Establishes PENTAX RICOH IMAGING COMPANY, LTD.

Tokyo, October 1, 2011–Ricoh Company, Ltd. (President & CEO: Shiro Kondo; hereinafter referred to as “Ricoh”) announces the establishment of PENTAX RICOH IMAGING COMPANY, LTD. as its wholly owned subsidiary on October 1, 2011.

Earlier, HOYA Corporation (President & CEO: Hiroshi Suzuki; hereinafter referred to as “HOYA”) transferred the PENTAX Imaging Systems Business to PENTAX Imaging Corporation, a newly established subsidiary of HOYA, through an absorption-type split (spin off) and business transfer. Ricoh has acquired all shares outstanding in PENTAX Imaging Corporation, as of today, completing the transaction. Ricoh also changed the name of the company at the same time.

By forming the new company, Ricoh will strive to further bolster consumer products and services, in addition to its existing digital camera business.

New Company

Company name:

PENTAX RICOH IMAGING COMPANY, LTD.
Business: Manufacture and sales of optical equipment such as digital cameras, binoculars and lenses for security cameras
President & Representative Director: Zenji Miura (Representative Director, Deputy President, Ricoh Company, Ltd. )
Head office: 2-35-7, Maeno-cho, Itabashi-ku, Tokyo
Established: October 1, 2011
Capital: 100 million yen
Number of employees: Approx.1900

Subsidiaries of the New Company

Pentax Imaging Corporation’s subsidiaries shown below have been transferred to the new company as of October 1, 2011.

PENTAX RICOH IMAGING PRODUCTS (Vietnam) CO., LTD. Vietnam, Hanoi
PENTAX RICOH IMAGING PRODUCTS (Philippines) CORPORATION The Philippines, Cebu
PENTAX RICOH IMAGING EUROPE n.v. Belgium, Zaventem
PENTAX RICOH IMAGING FRANCE S.A.S France, Argenteuil
PENTAX RICOH IMAGING UK LTD. The United Kingdom, Slough
PENTAX RICOH IMAGING DEUTSCHLAND GmbH Germany, Hamburg
PENTAX RICOH IMAGING AMERICAS CORPORATION The United States, Denver
PENTAX RICOH IMAGING CANADA INC. Canada, Mississauga
PENTAX RICOH IMAGING CHINA CO., LTD. China, Shanghai



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#1 dbt

the Acronym for this new company is 'PRIC', definetly NOT an advantage in selling their gear to English speaking nations i would have thought ?

10:53 pm - Sunday, October 9, 2011