Olympus's capital alliance with Sony will see the companies work together on fixed-lens compact cameras, and not interchangeable-lens models, Olympus Japan has said.

Speaking on Monday, a spokesman for Olympus in Tokyo told Amateur Photographer: ‘The collaboration of imaging businesses between Olympus and Sony will be in the area of compact cameras.’

Olympus expects to supply camera lenses and lens barrels to Sony, and Sony to supply it with imaging sensors.

[original article from Friday 28 September continues from here]

The deal, worth around £400m, aims to give Olympus ‘greater business synergy

in the core business domains of medical and imaging,’ said Olympus president

Hiroyuki Sasa.

Sasa added: ‘In this regard we have decided to form a business and

capital alliance with Sony, which is strong in image sensors and other

image-related technologies.’

‘In the field of digital cameras, we will seek to

achieve collaboration in a manner that further improves the competitiveness of

the two companies.’

Sony’s president and CEO Kazuo Hirai said: ‘We… believe there are many potential opportunities for collaboration between Olympus and Sony’s digital camera businesses, and we are confident that by building on our respective strengths we can also enhance and grow our presence in this market.’

Sony

will take a 51% share in a new medical company to be set up in

December that is expected to become a subsidiary of Sony.

The companies say the tie-up will allow them to ‘combine Olympus’s

lens and optical technologies – as well as the strength of its brand and

R&D – with Sony’s broad range of technologies, including digital

imaging technologies, and apply them in the rapidly growing medical

market’.

The firms aim to

enhance the competitiveness of their camera divisions ‘primarily in the area of compact digital

cameras, by exploring the mutually beneficial transactions and collaboration

between their respective camera businesses’.

They say this will involve ‘the supply of Olympus

technologies such as camera lenses and mirror cells to Sony, and the provision

of Sony image sensors to Olympus’.