Ricoh to acquire Pentax, set sights on digital SLR market

Japan's Ricoh plans to acquire Pentax as part of a push to get into the digital single-lens reflex camera market, it said Friday.

Ricoh will buy the Pentax business from Hoya, a Japanese optical technology company that acquired the camera maker in 2008. The acquisition, agreed by the companies on Friday, is expected to take place in October this year.

The companies didn't announce a price for the deal, but the Nikkei business daily said Ricoh will pay around ¥10 billion (US$124 million) for Pentax.

Single-lens reflex cameras, which typically allow the photographer to change the lens, are becoming increasingly popular. Sales are rising and a recent report by InStat predicted revenue growth in the market between 2011 and 2012 will surpass that of fixed-lens cameras as prices fall and consumers become more discerning about image quality.

Ricoh used to make single-lens reflex cameras for the film market, but its digital camera line-up is restricted to high-end point-and-shoot models with fixed lenses. With the Pentax acquisition it plans to get back into the business, it said in a statement.

The launch of a larger consumer imaging business will also help Ricoh diversify its revenue, which today is largely reliant on its multi-function printer business for corporate customers.

Ricoh said it hopes to develop value-added businesses around the expanded digital imaging operations in areas such as the storage and refinishing of photographs.

The acquisition does not include the digital camera module, DVD pickup lens, endoscope, artificial bone, and voice synthesis businesses of Pentax. They will be retained by Hoya, the companies said.

Martyn Williams covers Japan and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesRicohpentaxconsumer electronicsHoyadigital cameras

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?