Mamiya expects production of its professional medium format film and digital cameras to continue following the proposed sale of its camera division to Cosmos Scientific Systems later this year.rn

Mamiya expects production of its professional medium format film and digital cameras to continue following the proposed sale of its camera division to Cosmos Scientific Systems later this year.

In a statement, a spokesman for Mamiya’s UK distributor JP Distrbution said: ‘The Board of Directors has approved a contract to sell the entirety of the optical instruments business section to Cosmos Scientific Systems Inc. The plan will be put before shareholders at a general meeting scheduled for June 29th, 2006 – and if approval is gained, the transaction will be concluded on September 1st 2006.’

The statement adds: ‘This is a positive move for the Mamiya brand. The integration of Mamiya’s design and manufacturing techniques with Cosmo?s digital technology will enable the new organisation to fully exploit future growth opportunities.