Kodak Sells Image Sensors to Platinum Equity

Posted by at 11:52 am on November 8, 2011

Kodak late Monday sold off its Image Sensor Solutions group to merger and acquisitions giant Platinum Equity​. The deal lets Kodak keep using the sensors for its cameras and high-end uses like satellites, but gives up a key factory and research plant in Kodak’s home of Rochester, New York. Kodak made it clear that the selloff was to get it closer to being a strictly digital company.

“Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company,” the company explained.

The price of the deal was kept secret.

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