The Stock Purchase Agreement to acquire 100% shares of Specim, Finland-based leading company, has been signed
Konica Minolta, Inc.(Konica Minolta) has been working to grow its Sensing Business by providing a diverse range of high value-added products and solutions for the growing ICT and automotive fields, based on its strengths of light, colour, and appearance measurement technologies. Konica Minolta announced its entry into the hyperspectral imaging (HSI) business by acquiring Finnish company Specim, Spectral Imaging Oy Ltd. (Specim), the leading player in HSI market.
Purpose of acquisition
About Specim
Going forward
Konica Minolta will accelerate the expansion of applications for HSI technology and the incorporation of equipment in industrial applications by leveraging its global customer base and global network. Konica Minolta will also accelerate to expand its value proposition in the existing business domain and embedded use case for industrial purpose by making synergies with its image processing and optical technologies. In particular, Konica Minolta will expand business in collaboration with manufacturers of sorting equipment for recycling and food products, and strategically target growth markets such as pharmaceuticals. The Stock Purchase Agreement was signed on November 19, 2020 and will be closed in mid-December 2020, subject to authority approvals.
Overview of Specim
Company name | Specim, Spectral Imaging Oy Ltd. |
Founded | 1995 |
Head Office | Oulu, Finland |
Representative | Tapio Kallonen |
Number of employees | 68 (as of August 2020) |
Business | Development, production, and sales of hyperspectral imaging cameras |
About Konica Minolta's Measuring Instruments Business
Konica Minolta aims to grow Measuring Instruments Business by providing a diverse range of high value-added products solutions that enable high-precision measuring of light and color in the growing ICT and automotive domains, thereby driving the market.
About Konica Minolta, Inc.
Konica Minolta, Inc. is a global technology company that provides innovative solutions to businesses and society. With its strengths in the combination of its core technologies in advanced imaging, optics, sensing, materials and nano-processing, Konica Minolta is committed to creating new values supporting customers to address challenges in their operations and work processes. Advancing its expertise in digital technologies, the company has been going through business transformation into a digital company, with insights into implicit challenges across the board as ‘One Konica Minolta’ in the era of Internet of the Things (IoT). Konica Minolta is also active in open innovation through various collaborations and alliances with academic, industrial and entrepreneurial partners.Headquartered in Tokyo, Konica Minolta has its Group companies in 50 countries with over 44,300 employees and offers products and services in 150 countries around the world.