Olympus Spins Out Scientific Solutions Business

Olympus Corp. completed the separation of its Scientific Solutions business to wholly owned subsidiary Evident Corp. The company said the move further signifies its long-term strategy to cement its position within the medical technology industry following the divestiture of its imaging business.

The proposed split was announced in June 2021. As a newly established, wholly owned subsidiary, Evident, which is headquartered in Japan, continues to operate independently under the Olympus umbrella.

Olympus’ Scientific Solutions business encompassed the Olympus Industrial and Life Science businesses. The reorganization will give the Scientific Solutions business the autonomy and agility to respond quickly and more flexibly to the needs of Industrial and Life Science customers, Olympus said.