Nikon has agreed to sell MRMC (Mark Roberts Motion Control) to investment company Blandford Capital.
According to a note issued by Nikon, the company has “reconsidered” its business portfolio and decided that selling MRMC “is the most appropriate course of action”.
The deal sees all of Nokia’s shares transferred to MRMC Bidco Limited, an entity established by Blandford Capital.
MRMC specialises in camera robotics and automation technology for the film, broadcast, television, sports, live events, and photography sectors. The company, which celebrates its 60th anniversary this year, was acquired by Nikon in 2016.
UPDATE:
Following the sale, MRMC has announced the appointment of Nick Barthee as chief operating officer.
Barthee joins the company with over two decades of experience. His previous roles include COO and director of operations at Mo-Sys.
“MRMC has long been recognised for its world-leading engineering and robotics systems. Having spent years in the robotics and virtual production sectors, I’ve always admired the company’s innovation and technical excellence. I’m pleased to join the team and support its continued development,” he said.
The company said it is continuing normal operations with no changes to its day-to-day activities, leadership structure, or customer commitments.
