Olympus Corporation (“Olympus”) announced the completion of the separation of its Scientific Solutions business to a wholly-owned subsidiary, Evident Corporation (“Evident”). Following the divestiture of its Imaging business, this move further signifies the company’s long-term strategy to cement its position as a major player in the medtech industry.
The proposed split was first announced in June 2021. As a newly-established wholly-owned subsidiary, Evident, headquartered in Japan, continues to operate independently under the Olympus umbrella.