Archived posting to the Leica Users Group, 2015/03/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]On the subject of Leica subsidiaries, and holdings..... >From WIKI.... Leica Camera AG (pronounced [?la?ka]),[3] a German optics >company, manufactures Leica cameras. The predecessor of the company, >formerly known as Ernst Leitz GmbH, is now three companies: Leica Camera >AG, Leica Geosystems AG, and Leica Microsystems GmbH, which manufacture >cameras, geosurvey equipment, and microscopes, respectively. Leica >Microsystems AG owns the Leica brand and licences the sister companies to >use it. In 1986, the Leitz company changed its name to Leica (LEItz CAmera), due to the strength of the Leica brand. At this time, Leica moved its factory from Wetzlar to the nearby town of Solms. In 1996 Leica Camera separated from the Leica Group and became a publicly held company. In 1998 the Leica group split into two independent units: Leica Microsystems and Leica Geosystems. On November 26, 2013, Leica Camera AG announced the conclusion of a takeover process of the Swiss Sinar Photography AG. Both companies agreed not to disclose the details of the merger. Sinar Photography AG possesses product portfolio of large format 4" x 5" to 8" x 10" etc. cameras, lenses and shutter systems. Leica Camera AG announced the take over on their Facebook page. Leica Geosystems.... The brand Leica, better known for its high quality[2] cameras, was formed on 2 April 1990 after the merger of several companies. The company was listed on the Swiss stock exchange until the 7 August 2006 which saw the cancellation of all publicly held registered shares in Leica Geosystems Holdings Ltd and delisting of all listed registered shares of a par value of CHF 50.[3] It merged with the optical firm of Ernst Leitz of Wetzlar in 1987, acquired a majority interest in Kern in 1988, was renamed Wild Leitz AG in 1989, and became part of the Leica holding company in 1990. Starting in 1996, the company was divided gradually into smaller units. Thus in 1996, Leica Camera AG was founded, followed in October 1997 by Leica Geosystems AG, and on April 1, 1998 by Leica Microsystems AG. The Swedish company Hexagon AB purchased Leica Geosystems in late 2005. Leica Microsystems Leica Microsystems emerged in 1997 as one of three successor companies of Ernst Leitz GmbH founded in 1869. It has been a subsidiary of Danaher since 2005 While I am no expert on European corporate institutions, it seems like I stand corrected... the Geosystems and Microsystems seems to not be part of the present Leica operation..... nor its owners. It means that IF there were profits to spread around from one division to another, to develop new products, that possibility is not active. Frank Filippone Red735i at verizon.net