Announcement of acquisition of Mark Roberts Motion Control
September 19, 2016
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 acquisition
MRMC 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|
|Number of Employees||Approximately 50|
|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 Consideration
We are unable to disclose the acquisition consideration due to the terms of the agreement with the shareholders of MRMC.
4. Future Schedule
The closing of the transaction is currently expected to be completed in early October 2016, subject to required regulatory approvals and other factors.
5. Future Prospects
As 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.
The information is current as of the date of publication. It is subject to change without notice.