This Big step of SONY is linked to plan in exploring the business of health. Both companies will work together to create endoscopic devices and other medical equipment. Please note that Olympus is the largest endoscopic lens maker in the world with 70% market share.
This collaboration will make Sony dominate 51% stake in Olympus medical camera, and can put 4 directors of 7 existing directors. One of the products that may be raised is a new surgical endoscopy with a high resolution camera (4K) or a 3-dimensional function.
Currently, Olympus was plagued by accounting scandals, leading camera manufacturer that lost 1.7 billion dollars. However, Sony is looking at this deal as a strategy to reverse the company's condition. Sony itself has reported losses for four years in a row.
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