Vision and Siemens in pact talks

Vision and Siemens in pact talks

VISION GROUP said it is negotiating an agreement with Siemens in which Vision and Siemens will jointly market Vision's CMOS image sensors on a worldwide basis.

Vision, which develops camera microchip products, said the agreement would cover a wide range of markets including desktop videoconferencing and digital still cameras.

Vision revealed in March that it was in discussions which included the possibility of an offer for the company. In yesterday's statement, Vision said the discussions with Siemens did not involve an offer for the company and added that no other such discussions were ongoing.