Nikon Sells Robotic Camera Tech Company MRMC

Summary

Nikon has announced the sale of all its shares in Mark Roberts Motion Control Limited (MRMC), a company specializing in robotic camera control that Nikon purchased in 2016. MRMC develops robotics for camera movement in broadcast, cinema, and product photography, manufacturing its products in the UK. Nikon stated that the sale is a result of reconsidering its business portfolio, concluding that transferring shares to MRMC Bidco Limited is the most appropriate action. This move occurs as Nikon's ownership of cinema company RED makes MRMC's robotic camera arms potentially more relevant to cinema cameras than to Nikon's own mirrorless offerings.

Key points

• Nikon is selling its stake in robotic camera tech company MRMC.
• MRMC was acquired by Nikon in 2016 and produces camera motion robotics.
• The sale is attributed to Nikon's reconsideration of its business portfolio.
• The robotic arms may be more relevant to Nikon's recently acquired cinema company, RED.