The rise and rise of Gyrus - Independent Online Edition > Business Analysis & Features 

The rise and rise of Gyrus The £935m takeover of the British medical technology developerby the Japanese giant Olympus has shone the spotlight on anunder-valued sector By Nic Fildes Published: 20 November ... 2007 On a day when constituents of the FTSE 350 almost universally headed into negative territory, one stock stood out a mile after adding more than 50 per cent in value. The company in question was Gyrus, a medical technology developer, which has agreed to a near-£1bn takeover by the Japanese camera giant Olympus, a surprise deal that slightly tempered the doom and gloom yesterday. Olympus is one of the world's most high-profile camera manufacturers, famous for the "Who do you think you are – David Bailey?" advertising campaign that ran during the 1970s and 1980s and was recently resurrected to promote its digital range. However, the Japanese company makes most of its money producing medical instruments such as endoscopes, and with intense competition in the digital camera market sup   [More...] [Less...]