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Friday, September 28, 2012
Olympus and Sony today announced that the two companies have entered into a business alliance agreement and a capital alliance agreement through a third-party allotment of Olympus’s common shares to Sony. Under the terms of the capital alliance agreement, Olympus will issue 34,387,900 common shares at a price of 1,454 yen per share. The agreements affect both the medical and the camera divisions. With respect to the latter, the two companies’ stated aim is “to enhance their competitiveness, primarily in the area of compact digital cameras, by exploring opportunities for mutually beneficial transactions and collaboration between their respective camera businesses, including the supply of Olympus technologies such as camera lenses and mirror cells to Sony, and the provision of Sony image sensors to Olympus.” As opposed to the medical field, in which Olympus and Sony have agreed to establish a business venture company with a capital ratio of 49%-51%, the two companies’ camera businesses will continue to function as separate entities.
(Pictured above is the Olympus OM-D E-M5 compact system camera, which features a 16-megapixel Sony sensor.)
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