Olympus and Sony have announced that the two parties have recently recieved all necessary regulatory approvals and expect to have their 'Medical Business Venture' established by 16 April 2013.
The news follows an announcement that we covered back in September 2012
, which concerned the allotment of Olympus' common shares to Sony. The business and capital alliances are expected to allow the two companies to combine Olympus' lens and optical technologies with Sony's broad range of technologies including digital imaging technologies and apply them in the rapidly growing medical market.
In a statement, the companies said: "Olympus and Sony continue to work together with the goal of creating ground-breaking products and solutions by combining their respective technologies and know-how through the medical business venture."