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Olympus broadens endoscopy spectrum with Quest acquisition

Olympus broadens endoscopy spectrum with Quest acquisition
02 Feb 2021
Industrial and medical imaging company Olympus is set to broaden the capability of its endoscopy offering significantly, with the acquisition of Netherlands-headquartered Quest Photonic Devices.
Established back in 1998 as Quest Innovations, the Middenmeer-based company specializes in fluorescence and multispectral techniques for applications including better visualization of tumor margins during cancer surgery.
Tokyo-based Olympus, which has recently pivoted away from consumer cameras to focus on medical and industrial vision technologies, is acquiring Quest for â¬50Â million.
According to local media reports (see below), Quest founder and CEO Richard Meester will remain with the company, which will operate as an independent entity within Olympus. Meester also expects Quest to grow significantly from its current roster of 35 employees. ....

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Olympus to Acquire Quest Photonic Devices B.V. to Bolster Surgical Endoscopy Capabilities

Olympus to Acquire Quest Photonic Devices B.V. to Bolster Surgical Endoscopy Capabilities
- Strategic acquisition of Dutch multispectral imaging leader drives growth of Olympus Surgical Endoscopy business -
Tokyo / Hamburg, Jan 28, 2021 - (ACN Newswire) - Olympus Corporation (Olympus - Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) today announced that it has entered into an agreement to acquire Quest Photonic Devices B.V. (Quest - CEO: Richard Meester) for up to EUR50 million including milestone payments to strengthen its surgical endoscopy capabilities.
Headquartered in the Netherlands, Quest offers advanced fluorescence imaging systems (FIS) for the medical field, enabling more surgical endoscopy capabilities, compared to conventional imaging technologies. ....

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