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| Leica 51% Take Over |
Leica Camera AG, Solms, takes over 51% of the shares of Sinar AG, Feuerthalen/Switzerland,
from JENOPTIK Laser, Optik, SystemeGmbH, Jena ("JENOPTIK"). JENOPTIK and Leica Camera AG
have signed corresponding acquisition and transfer contracts on September 25, 2006.
Confidentiality was agreed concerning the transfer price.The existing technical cooperation between JENOPTIK and Sinar AG concerning digital camera backs will be continued. Sinar AG serves professional photographers with leading solutions in medium and large format cameras, both with analogue and digital technology. Leica Camera AG will continue and develop the Sinar business with the Sinar brand and company structure, based on the shared values of excellence and innovation. Both companies will benefit from synergies in technical collaboration as well as marketing and sales. Leica Camera AG is confident that the acquisition will bring positive developments for customers, employees as well as shareholders of both companies. This is a first step on the strategic path towards growing the business of Leica Camera AG. |
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About
Oskar Barnack's genius idea of creating the small format 35mm camera
created a revolution in photography in 1925, paving the way for the
birth of the Leica Legend. His diminutive, lightweight LEICA A offered
a new, undreamed-of freedom in reportage and artistic photography. From
that point to the present day, Leica has had a profound influence on our
view of the world we live in.
What was started in 1914 with the Ur-Leica quickly turned into a lasting
success. In 1932, around 90,000 cameras were already in use. By 1961, the
number had increased to a million. Milestones in the development include
the rangefinder cameras such as the legendary LEICA M3 in 1954 and the M6
in 1984. The R-System commenced in 1976 with the LEICA R3 - the first
electronic Leica. In 1989, the first compact point-and-shoot model entered
the market. 1998 also saw the launch of the first digital camera - the
LEICA DIGILUX. Without exception, all developments are focused on the
requirements of the user and are characterized by the highest quality,
focus on essential functions, and comfortable user-friendly controls.
