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Ricoh buys Pentax to build interchangeable lens camera business

By dpreview staff on Jul 1, 2011 at 09:21 GMT

Hoya has sold the Pentax camera division to Ricoh. The Pentax Imaging Systems Division will be spun-out as a new company and its shares transfered to Ricoh on October 1st. The deal will also include the Pentax camera manufacturing subsidiary in Vietnam. A public announcement from Hoya explains that Ricoh is looking to build a consumer cameras business and wanted Pentax's interchangeable lens camera technology, lens technology and sales channels. Its plans for the business specifically include the interchangeable lens camera market. Hoya will retain the other Pentax businesses, such as medical devices, that it gained in its 2007 takeover. Terms of the deal were not disclosed but Japanese business paper Nikkei Business Daily reports a price of about 10 billion yen ($124.2 million).

Click here to download Hoya's statement on the sale

Comments

Total comments: 216
123
BG_CX3_DPREVIEW
By BG_CX3_DPREVIEW (Jul 1, 2011)

At last some decent sales channels for Ricoh other than Japan, hopefully...

2 upvotes
Ishpuini
By Ishpuini (Jul 1, 2011)

Ricoh's press release states: "On completion of the Acquisition, Ricoh will begin to use the PENTAX brand name for some of its digital camera products, and HOYA will continue to use the PENTAX brand name for their endoscopes and other products."

3 upvotes
mike532
By mike532 (Jul 1, 2011)

My first SLR was a Ricoh a cheap alternative to a Pentax. How things change ...

0 upvotes
Kevin Coppalotti
By Kevin Coppalotti (Jul 1, 2011)

Looks like the dominos are fallling. GFC and the Tsunami has taken its toll. Where to for Fuji? Will it too be assimilated by the Borg?

2 upvotes
Raphael Mabo
By Raphael Mabo (Jul 1, 2011)

"Pentax camera manufacturing subsidiary in Vietnam" is not true. Pentas has a lens assemblent plant in Vietnam (consisting of two factories). The camera manufacturing subsidiary is in the Phillipines.

1 upvote
sphexx
By sphexx (Jul 1, 2011)

Great news for both Pentax and Ricoh and also for photographers. The companies are a good fit.

6 upvotes
KaiserAng
By KaiserAng (Jul 1, 2011)

Now that's a real surprise.

3 upvotes
Total comments: 216
123