Gary,
being sold doesn't mean the end!
.
Cheers,
Willem.
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Hi
I agree Mamiya is to be sold with approval and here is a quote from John Francis/ Leica forum about Hasselblad:
In the past 15 years, Hasselblad was sold and re-sold several times. It came very close to bankruptcy and was eventually bought out by the holding company “Shiro Sweden”, part of the Shiro Group, headquartered in Hong Kong. Note that it was Shiro that acquired Imacon. As a result of Shiro’s acquisition of Victor Hasselblad AB of Sweden, the new Hasselblad H2, along with the original H1, are now designed and manufactured in Japan by Fujifilm. This includes all cameras and lenses. The Hasselblad H system is therefore the first one not to use the traditional German Carl Zeiss lenses.
Here is part of the press release from Imaging Resource:
Given the difficult market for a medium format camera manufacturer, the Board of Directors today approved a contract to sell the entirity 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.
As part of the transaction, Cosmos will take over the property and fixed assets of Mamiya's optical unit, as well as assuming rights to related contracts, patents and trademarks, and certain debts. Mamiya notes that a "considerable number" of their optical unit employees will also move to Cosmos, and the company will also assume responsibility for after-sales service of Mamiya's cameras.
Thanks Denis Montalbetti