Leica Camera takes over majority of shares of Sinar AG

Leica Camera AG, Solms, takes over 51% of the shares of Sinar AG,
Feuerthalen/Switzerland, from JENOPTIK Laser, Optik, Systeme GmbH,
Jena ("JENOPTIK"). JENOPTIK and Leica Camera AG have signed
corresponding acquisition and transfer contracts on September 25,
2006. Confidentiality was agreed concerning the transfer price.
The existing technical cooperation between JENOPTIK and Sinar AG
concerning digital camera backs will be continued.
Sinar AG serves professional photographers with leading solutions in
medium and large format cameras, both with analogue and digital
technology. Leica Camera AG will continue and develop the Sinar
business with the Sinar brand and company structure, based on the
shared values of excellence and innovation.
Both companies will benefit from synergies in technical collaboration
as well as marketing and sales. Leica Camera AG is confident that the
acquisition will bring positive developments for customers, employees
as well as shareholders of both companies. This is a first step on
the strategic path towards growing the business of Leica Camera AG