Mistras Group
Olympus Spins Off Scientific Solutions Division and Rebrands as Evident
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Olympus Corporation ("Olympus") announced the completion of the separation of its Scientific Solutions business to a wholly-owned subsidiary, Evident Corporation ("Evident"). Following the divestiture of its Imaging business, this move further signifies the companyís 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.

Olympusí Scientific Solutions business encompassed the Olympus 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.

Yoshitake Saito, the President and Representative Director of Evident, commented on the new companyís focus: "Evident, while continuing to provide best-in-class products, will expand its digital and cloud-based solutions to enhance the customer experience and to improve the overall workflow in the research and inspection fields. We will shift from a business model centered on the sale of products, to one focused on solving customer issues and challenges. With this greater management autonomy, we will promote agile product development and open innovation, which we believe will increase the speed of product development."

The new company name exemplifies our unwavering commitment to continue providing high-quality products and technical expertise, allowing our customers to discover new insights and find new evidence in their areas of expertise, and a renewed focus on customer collaboration and responsiveness to customer concerns.

For more information, visit EvidentScientific.com.

About EVIDENT

At Evident, we are guided by the scientific spiritóinnovation and exploration are at the heart of what we do. Committed to making peopleís lives healthier, safer and more fulfilling, we support our customers with solutions that solve their challenges and advance their work; whether itís researching medical breakthroughs, inspecting infrastructure, or exposing hidden toxins in consumer products.

Evident Industrialís solutions range from microscopes and videoscopes to nondestructive testing equipment and X-ray analyzers for maintenance, manufacturing and environmental applications. Backed by state-of-the-art technologies, Evident products are widely used for quality control, inspection, and measurement.

Evident Life Science empowers scientists and researchers through collaboration and cutting-edge life science solutions. Dedicated to meeting the challenges and supporting the evolving needs of its customers, Evident Life Science advances a comprehensive range of clinical research, educational, and premium microscopes and microscope systems.
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