Approximately 14 months after Noritsu’s acquisition of Lucidiom the two companies announced this week that partnership has ended. In a statement released earlier this week, Noritsu America Corporation announced that it has divested Lucidiom Inc. by transferring all of its Lucidiom shares to the present Lucidiom management.
The statement released from Noritsu added, “Noritsu and Lucidiom will ensure that both companies will continue to service their respective customers as they have done to date. This means that Noritsu’s customers will not see any changes that result from the transaction.”
Lucidiom’s President, Steve Giordano, Jr. told Picture Business, “While the partnership certainly seemed like a great idea at the time, the two companies have headed in two different directions since and the two messages each were sending just didn’t feel right. Our visions were very different.”
Giordano added, “We’re excited about the direction we are now headed in and about the new vision we have as company as well.”
The Noritsu statement went on to explain, “Since Noritsu’s acquisition of a majority interest in Lucidiom that took place in December 2009, Noritsu and Lucidiom endeavored to create synergy effects that were of value to our customers. We believe that we achieved a level of success in our strategic activities. Nonetheless, while reviewing the current market trend that changes at a very rapid pace, we have come to the conclusion that, with a view to both company’s further growth, it is time that we constructively separate and chart our own direction towards the next phase of our business.”
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