Olympus Exits Microscopy Market

Olympus Corporation and EVIDENT Co., Ltd., a wholly-owned subsidiary of Olympus announced today that Olympus concluded a definitive agreement with Bain Capital Private Equity, LP, regarding the transfer of Evident. Based on this agreement, all shares of Evident will be transferred to Bain Capital on January 4, 2023, subject to regulatory approvals and closing conditions.

To achieve sustainable growth as a global medical technology company, Olympus is striving to strengthen its management base by allocating resources to the Medical business, with a focus on the Endoscopic Solutions and Therapeutic Solutions businesses. The Scientific Solutions business of Olympus was transferred to Evident in April 2022; this decision was concluded to accelerate growth, improve profitability and contribute to the enhancement of the corporate value of Olympus as a whole by establishing management systems that match the characteristics of each business in the medical and scientific solutions fields.

Read on …