Mark Roberts Motion Control (MRMC) plans to learn some new moves from Nikon, as the Japanese photography giant has reached an agreement to acquire 100% of MRMC's shares.
The transaction is expected to close in early October, Nikon said, at which point MRMC will become a consolidated subsidiary of Nikon. Terms of the agreement were not disclosed.
Announced at Photokina last week, the acquisition is expected to help MRMC move into new markets for robotic motion-control systems, while maintaining its position in the film and broadcast industries. MRMC CEO Assaff Rawner will remain in that role after the acquisition, and the company will continue to run R&D, manufacturing, rental operations and other services out of its offices in Surrey, U.K.
MRMC said it had grown to the point where it required outside investment and new marketing opportunities to continue expanding. MRMC has worked on various collaborative projects with Nikon U.K. over the last few years, making the purchase a natural fit, the company said.
"Nikon is the perfect partner for us," said Rawner in a prepared statement. "We have cooperated closely for years, most recently at the Rio Olympics. We are extremely excited about the global opportunities that this partnership brings us in all aspects of robotics in imaging."