Olympus sells photo business

David Lee

25.6.2020

Translation: machine translated

Olympus is to sell its photo division at the end of the year. The entire business will be taken over by an investor called "Japan Industrial Partners", which is founding a new company for this purpose.

Olympus is selling its photo division to Japan Industrial Partners (JIP). A new company will be founded for this purpose, which will be owned by JIP. Products and support for existing Olympus products will be continued. The handover should be completed by the end of the year.

In addition to photographic equipment, Olympus also manufactures microscopes, endoscopes and various other medical products. This area has been significantly more profitable than the photography business for many years.

The photography business has always been loss-making for Olympus for the last three years. The camera market as a whole is in decline and competition is tough. JIP will not be able to change this situation. But it is possible that JIP will run the business more efficiently.

David Lee

Senior Editor

David.Lee@digitecgalaxus.ch

My interest in IT and writing landed me in tech journalism early on (2000). I want to know how we can use technology without being used. Outside of the office, I’m a keen musician who makes up for lacking talent with excessive enthusiasm.

Follow

---

Photo and video

Follow topics and stay updated on your areas of interest

Follow topic

---

News + Trends

From the latest iPhone to the return of 80s fashion. The editorial team will help you make sense of it all.

Show all