Nearly a year after Hoya and Pentax first announced their merger, the two companies seem to have finally made it. In an open letter to customers, Pentax and Hoya have announced that they have entered into a merger agreement which will become effective on March 31, 2008. “We continue to devote our efforts to make even more outstanding the PENTAX brand even after the merger.” said the brief statement. The merger agreement effectively negates the news back in June that Hoya had bought Pentax outright.

Pentax USA Press Release

LETTER TO PENTAX CUSTOMERS

October 31, 2007

To our customers,

On October 29, 2007, HOYA Corporation and PENTAX Corporation, a consolidated subsidiary of HOYA announced that we have entered into a merger agreement with respect to a merger which will become effective on March 31, 2008.

Following the merger, based on the common core technological foundation in optics, imaging, and materials, the new company will optimize its business portfolios, focusing on the life care, optics, information technology, eye care, imaging system areas. All PENTAX business divisions will be optimized within the same framework of the HOYA’s other business divisions to strengthen its business. By doing so, better communication, prompt management decision, and proper resource allocation will be assured. We continue to devote our efforts to make even more outstanding the PENTAX brand even after the merger.

PENTAX promises to provide more satisfactory products and service to our customers. So, we will ask your continuous support to PENTAX Corporation and the HOYA Corporation following the merger.

Yours Sincerely,

Nobuaki Tanishima                    
President                              
PENTAX Corporation                  
2-36-9,Maeno-cho                    
Itabashi-ku                            
Tokyo 174-8639,Japan                
TEL: 81-3-3960-5151
FAX: 81-3-3960-5226

Ned Bunnell
President
PENTAX Imaging Company
600 12th Street Suite 300
Golden, Colorado 80401
TEL:  303-799-8000

Your Comments