Nikon acquired Mark Roberts Motion Control

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Nikon acquired Mark Roberts Motion Control - a robotics solution company. Here is the press release:

Nikon Corporation is pleased to announce that it has agreed to acquire all of the shares of Mark Roberts Motion Control Limited (CEO: Assaff Rawner, UK, hereinafter "MRMC"), a manufacturer of robotic motion control solutions.

  1. Objective of acquisitionMRMC designs, develops and manufactures robotic solutions which enable remote and automatic capture for an extensive range of clients, from broadcast and film production through to product photography. With its award-winning technology, MRMC has established a strong reputation for engineering excellence within the motion control industry.There is a growing demand within the imaging industry for automated solutions to provide unique perspectives and increased production efficiencies. Nikon will continue to strengthen MRMC's leading market position within the film and broadcast sectors. In addition, Nikon and MRMC aim to develop this new market further by utilizing MRMC's robotic motion control solution together with Nikon's imaging related technologies and its broad sales channels.Nikon believes this acquisition will lead its further expansion into new fields of imaging product solutions.
  2. Overview of MRMC
    Company Name Mark Roberts Motion Control Limited
    Location Unit 3, South East Studios, Eastbourne Road, Blindley Heath, Surrey RH7 6JP United Kingdom
    Representative Assaff Rawner, CEO
    Business Design, develop, manufacture, sales and rental of robotic motion control camera equipment
    Foundation (Year) 1966
    Number of Employees Approximately 50
    Stock market Unlisted
    Relationship with Nikon There have been strategic alliance in developing and selling products by utilizing Nikon's camera and MRMC's robotic control camera equipment
  3. Acquisition ConsiderationWe are unable to disclose the acquisition consideration due to the terms of the agreement with the shareholders of MRMC.
  4. Future ScheduleThe closing of the transaction is currently expected to be completed in early October 2016, subject to required regulatory approvals and other factors.
  5. Future ProspectsAs a result of the acquisition, MRMC will become a consolidated subsidiary in October 2016. Nikon expects that the acquisition of MRMC will result in immaterial impact on the Nikon's consolidated financial statements for the fiscal year ended March 31, 2017.
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