Hoya absorbs Pentax

Hoya and Pentax just announced that they reached an agreement on a merger between both companies that would result in the absorption of Pentax into the major glass manufacturer. Pentax shares will be exchanged against Hoya shares; Management will be shared between top brass coming from both companies.

The good news is that, even if Pentax needed some cash to keep operating at full performance, Hoya is a company that can well understand the photo market of Pentax. The photo activities (including the digital SLR) is kept and we can say that this is good news. Let’s hope that Hoya will make it much better than Konica when they purchased Minolta a few years ago.