Latest News by an official press release confirm Sinar takeover by Leica

As Leica announced on its facebook page, the takeover of Sinar has been finalized. Leica Camera AG is now in possession of a controlling 51% of shares of Sinar Photography AG.

Back in 2006 Leica’s press release informed us of the beginning of the process:

Leica Camera AG, Solms, takes over 51% of the
shares of Sinar AG

Leica Camera AG, Solms, takes over 51% of the shares of Sinar AG, Feuerthalen /Switzerland, from JENOPTIK Laser, Optik, SystemeGmbH, Jena (“JENOPTIK”). JENOPTIK and Leica Camera AG have signed corresponding acquisition and transfer contracts on September 25, 2006. Confidentiality was agreed concerning the transfer price.
The existing technical cooperation between JENOPTIK and Sinar AG concerning digital camera backs will be continued.
Sinar AG serves professional photographers with leading solutions in medium and large format cameras, both with analogue and digital technology. Leica Camera AG will continue and develop the Sinar business with the Sinar brand and company structure, based on the shared values of excellence and innovation.
(via drpreview.com)

Yesterday’s press release confirms the end of this process [Read more…]