Nikon Expanding Into Medical Devices with $400M Acquisition of Retinal Imaging Firm
Last year Nikon announced that it had set aside $1.96 billion for mergers and acquisitions into new industries in order to diversity from the camera industry that had grown the 98-year-old company to greatness.
The Japanese company is now using a portion of that cash pile on its first major expansion purchase: a £259M (~$400M) acquisition of the Scottish retinal imaging firm Optos.
Nikon’s move isn’t unusual in the camera industry. Olympus is known worldwide for its camera products, but it’s also the world’s biggest player in the gastro-intestinal endoscope market, holding a 70% market share worth $2.5 billion.
“Optos will become a key part of Nikon’s future strategy to develop a global medical business,” says Optos chairman Peter Fellner.
Image credits: Header graphic created with photo by Fabio