(Olympus Corp.: Tokyo) -- Olympus announced the completion of the separation of its Scientific Solutions business to a wholly owned subsidiary, Evident Corp. Following Olympus’ divestiture of its imaging business, this move further signifies the company’s long-term strategy to cement its position as a major player in the medtech industry.

The proposed split was first announced in June 2021. As a newly established, wholly owned subsidiary, Evident, headquartered in Japan, continues to operate independently under the Olympus umbrella.

Olympus’ Scientific Solutions business encompassed the company’s industrial and life science businesses. The reorganization will give the Scientific Solutions business the autonomy and agility to respond quickly and more flexibly to the needs of industrial and life science customers.

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