Konica Medical Imaging parent Konica will merge with Minolta on August 1, according to the Wayne, NJ-based company. The transition will begin in April, when Konica will be restructured into a holding company.
In August, Konica will become the majority shareholder through stock swaps with Minolta, and a new integrated holding company will be formed, Konica said. The operations of both companies will then be integrated through business restructuring in October, forming a new corporate group.
This group will consist of the new integrated holding company, six business companies, and two common function companies, Konica said. Konica Medical Imaging president and COO Wayne Thompson said the merger will help the company offer rapid advances in digital, imaging, and networking products, with its core business enhanced by the combined efforts of global research and development.
By AuntMinnie.com staff writersApril 1, 2003
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