Olympus finalizes deal with JIP to sell its Imaging business

In a press release shared today, Olympus has confirmed it’s come to a finalized agreement with Japan Industrial Partners Inc. [JIP] to transfer the Olympus Imaging business at the beginning of 2021.

In the announcement, Olympus says it’s transferring its Imaging business to a new wholly-owned subsidiary called the ‘New Imaging Company.’ On January 2, 2021, 95% of this company will be transferred to OJ Holdings, Ltd., a company created by JIP specifically for this transfer.

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