Olympus sells BPO unit to Longreach

The camera maker joins a growing trend of Japanese companies selling non-core units.

Olympus sells BPO unit to Longreach

Japanese camera and endoscope maker Olympus has agreed to sell its business process outsourcing unit to buyout firm Longreach, the latest example of a sprawling Japanese conglomerate selling a non-core business.

Longreach said in a statement on Monday that it expects its purchase of Nippon Outsourcing Corp. NOC to close by October 31.

Financial details were not disclosed but a person familiar with the matter told FinanceAsia that the enterprise...

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