TOKYO--Hoya Corp. [Nikkei: 7741] and
Pentax Corp. [Nikkei: 7750] have announced plans to merge next
October. The two companies, both based here, share core technology
platforms in optics, imaging and materials.
The newly reorganized company will be known as Hoya Pentax HD Corp.
Fumio Urano, current president and chief executive officer of
Pentax, will become chairman of the board. Hiroshi Suzuki, current
Hoya president and chief executive officer, will become president
and CEO.
The new company will focus on the life care, optics, information
technology, eye care and imaging systems areas, according to a
statement released by Hoya and Pentax. Under the new organizational
structure, the life care area, which includes intraocular lenses,
will combine Hoya’s medical division and Pentax’s life
care division. The eye care area, which includes eyeglass lenses
and contact lenses, will consist of the remaining Hoya eye care
division after it is separated from the company’s medical
division.
Sources at Hoya and Pentax confirmed that the new company’s
eye care area does not include the Pentax ophthalmic lens business,
which was acquired by Seiko Corp. in January, 2004 as previously
reported by Vision Monday and VMail.
December 2006
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