Nikon Expanding Into Medical Industry with Acquisition of Optos
Nikon 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.
Optos designs machines that are used for testing eyes and detecting high-blood pressure and certain types of cancers. According to BBC, Nikon is making this major deal and expanding into the medical industry in order to guarantee its long-term growth potential.
Nikons move isnt unusual in the camera industry. Olympus is known worldwide for its camera products, but its also the worlds biggest player in the gastro-intestinal endoscope market, holding a 70% market share worth $2.5 billion.
Optos will become a key part of Nikons future strategy to develop a global medical business, says Optos chairman Peter Fellner.
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