Camera maker Pentax and optical glass maker Hoya are joining forces to form the new HOYA PENTAX HD Corporation. In a basic understanding, Pentax and Hoya have agreed to merge and realign their business interests to enhance shareholder values and accelerate business growth. The merger actually folds Pentax into the Hoya business structure, with Hoya as the â€œmerging companyâ€ and Pentax as the â€œcompany to be merged.â€
Under the merger, the Pentax name will remain and Pentax’s current imaging systems division, which is responsible for digital cameras, will continue. The merger deal is set to be completed by October 1, 2007, with the Pentax head becoming chairman of the new company and the Hoya chief becoming President and CEO.
The new company will have work divisions that will handle various areas in life care, optics, information technology, eye care, imaging systems and other new concerns.