Fotoviva Art Prints

In a surprising move, one of the leading optical glass makers Hoya are to buy out Camera manufacturer Pentax - or at least have them under their name. The merger has been going on for some time behind the scenes with twists and turns in negotiations resulting in a feud within Pentax. The two companies had reached a basic agreement on the merger in December, but Pentax made a change of presidency and cancelled the plan to merge with Hoya citing reasons why the company could survive on its own.
Hoya then prepared a takeover bid for Pentax in an effort to bring about the merger. After much debating at Pentax they accepted the takeover bid by Hoya last week and reached a general agreement on the merger. Hoya intends to launch a friendly takeover bid for Pentax and make Pentax its subsidiary in June of this year.

What this means for the future is open for discussion, but hopefully everyone will benefit from a merger between two of the photography world’s largest manufacturers.