*4K: More than four times resolution of Full HD. All of us at Sony will spare no effort to ensure that the business and capital alliances, including Sony's investment in Olympus, will be a resounding success for both companies.” We also believe there are many potential opportunities for collaboration between Olympus and Sony's digital camera businesses, and are confident that by building on our respective strengths we can also enhance and grow our presence in this market. By combining Sony's cutting-edge technologies in areas such as digital imaging, 3D and 4K* with Olympus's long-standing experience and established foundations in the medical market, we believe that we will be able to create highly innovative and competitive products and generate new business opportunities in surgical endoscopes and other related areas where significant future growth is anticipated. The business and capital alliances we have agreed with Olympus today will be integral to these plans. "As part of our strategic initiatives announced in April 2012, at Sony we are aggressively pursuing the growth of our medical business, with the aim of developing it into a key pillar of our overall business portfolio.
In the field of digital cameras, we will seek to achieve collaboration in a manner that further improves the competitiveness of the two companies.”Ĭomment from Kazuo Hirai, President and CEO, Sony Corporation In addition, through this alliance, the strengths of the two companies will merge, certainly making it possible for Olympus to contribute to world medical progress by developing a variety of new medical devices that would not be possible by Olympus alone. Investment from Sony will help strengthen our financial base. Partnering with Sony will provide great advantage to Olympus and enable the two companies to exchange various complementary competencies. In this regard, we have decided to form a business and capital alliance with Sony, which is strong in image sensors and other image-related technologies. "In line with its medium-term vision announced in June 2012, Olympus has been pushing to enhance its financial strength and weighing the possibility of a business and capital tie-up for greater business synergy in the core business domains of medical and imaging. Olympus Corporation ("Olympus” and Sony Corporation ("Sony” today announced that the two companies have entered into a business alliance agreement (the "business alliance agreement” and a capital alliance agreement (the "capital alliance agreement” through a third-party allotment of Olympus's common shares to Sony.Ĭomment from Hiroyuki Sasa, Representative Director and President, Olympus Corporation The following information is true and accurate at the time of publication.Īnnouncement of Agreements Between Olympus and Sony to Form Business and Capital Alliance
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