Electronic devices and accessories are on sale today. - Leica Camera broadens its mobile operations through acquisitions and app launch.
The two companies are thought to work well together by the camera producer. Fjorden, with its team of ten members, has a lot of knowledge in app development and smartphone accessories, while the Leica Camera team has expertise in image processing and quality. As stated by the head of the mobile business unit at Leica, Marius Eschweiler, "We are strongly pursuing our strategic growth strategy by acquiring Fjorden and positioning ourselves even more in the world of smartphone photography."
During the 2022-2023 financial year (ending March 31), the Hesse-based optics firm had a third straight record turnover. Due to their new products, their sales grew by 9% compared to the previous fiscal year, reaching 485 million euros. The Leica Camera Group, which is owned by majority shareholder Andreas Kaufmann and U.S. investor Blackstone, does not disclose profit figures. This year, they plan to see a positive sales growth and are focusing on expanding their sales network.
Leica Homepage https://www.leica-camera.com/
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- Fjorden, known for its expertise in app development and smartphone accessories, is set to enhance Leica's mobile operations, particularly in the realm of smartphone photography.
- The Leica Camera Group, with a significant presence in Wetzlar, Germany, has a strong history in the electronics industry, specializing in optics and camera production.
- Leica's acquisition of Fjorden is an integral part of their strategic growth plan, aiming to bolster their position in the smartphone photography market and expand their sales network.
- As Electronics and accessories are on sale, photography enthusiasts might be interested in exploring Leica's apps, recognized for their high-quality image processing and optimization capabilities, available for various mobile platforms.
