Nikon Corporation completed the acquisition of RED.com, LLC.
April 07, 2024
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Nikon Corporation (TSE:7731) entry into an agreement to acquire RED.com, LLC on March 7, 2024. Nikon will leverage this acquisition to expand the fast-growing professional digital cinema camera market, building on both companies' business foundations and networks, promising an exciting future of product development that will continue to push the boundaries of what is possible in film and video production. This agreement was reached as a result of the mutual desires of Nikon and RED to meet the customers? needs and offer exceptional user experiences that exceed expectations, merging the strengths of both companies. Randy Laxer and Yohei Nakagawa of Morrison & Foerster LLP (Japan) acted as legal advisor for Nikon corporation. Barclays Marlist Limited acted as financial advisor to Nikon Corporation (TSE:7731).
Nikon Corporation (TSE:7731) completed the acquisition of RED.com, LLC on April 8, 2024.
Nikon Corporation specializes in the design, manufacturing and marketing of photographic and optic equipments. Net sales break down by family of products as follows:
- precision industrial equipments (39.1%): scanners, LCD steppers, lithography systems, etc.;
- imaging equipments (33%): especially cameras and camcorders;
- diagnostic instruments, microscopes and retinal imaging devices (13.6%);
- optical components (7.6%);
- other (6.7%): industrial measuring instruments, ophthalmic lenses, binoculars, telescopes, magnifiers, etc.
Net sales break down geographically as follows: Japan (18.2%), China (28.4%), the United States (24%), Europe (13.4%) and other (16%).