Hoya has announced that it will be selling Pentax’s camera business to Ricoh. The deal should take effect on October 1, 2011 and is reported to be a $124 million selling price.
Interestingly, Ricoh has a history with the Pentax K-mount. My first SLR was a Ricoh KR-Super II (shown above), which is a K-mount camera that was basically a Pentax K1000 knockoff. Who knew that a couple of decades later Ricoh would acquire the K-mount system for its own?
In a statement released by the two companies, Ricoh said that it “plans to 1) enhance its digital camera businesses (especially theinterchangeable lens camera market which is expected to grow), 2) create value-added businesses for taken photographs (creation and development of value-added services that encourage seeing, storing and refinishing photographs and utilize photographs as communication tools), and 3) expand to other fields (study of entry into the image archiving business using medium-format digital cameras and enhancement of security-related products).”
Of course, it’s too soon to make any predictions as to how Ricoh will handle the Pentax brand. Pentax has produced some solid cameras recently; however, it’s nowhere near the market recognition of Canon, Nikon and Sony. Personally, I’d like to see the Ricoh/Pentax relationship do well and push the Pentax brand to the next level.
[via Photo Rumors]