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Meade has been bought by JOC

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Meade has been bought by JOC was created by dave_lillis

Hi,
The company (Jinghua Optics & electronics Co) that owns Explore Scientific and Bresser now also owns Meade and it cost them 4.5 million, you would have thought they'd be worth more then that. It'll be interesting to see what difference this makes to Meade.
So thats both Celestron and Meade bought out by by Chinese companies.
Bye Bye Mexican manufacturing plant for starters I'd bet.
Dave L. on facebook , See my images in flickr
Chairman. Shannonside Astronomy Club (Limerick)

Carrying around my 20" obsession is going to kill me,
but what a way to go. :)
+ 12"LX200, MK67, Meade2045, 4"refractor
Last edit: 9 years 3 days ago by dave_lillis.
9 years 3 days ago #97616

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Replied by albertw on topic Re: Meade has been bought by JOC

Their market cap is 2.18M this morning so they did well to get 4.5M. Since they already own Meade Europe, this is a fairly cheap way to get a globally recognised telescope brand.
Albert White MSc FRAS
Chairperson, International Dark Sky Association - Irish Section
www.darksky.ie/
9 years 3 days ago #97617

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Replied by dave_lillis on topic Re: Meade has been bought by JOC

well, it certainly explains why some of the ES and meade eyepieces were practically identical. this might have been on the cards for a while now.



We'll probably see all the ES eyepieces with meade badges and extra rubber grips soon enough.
Dave L. on facebook , See my images in flickr
Chairman. Shannonside Astronomy Club (Limerick)

Carrying around my 20" obsession is going to kill me,
but what a way to go. :)
+ 12"LX200, MK67, Meade2045, 4"refractor
9 years 3 days ago #97619

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Replied by dave_lillis on topic Re: Meade has been bought by JOC

Looks like the fun isnt over yet
www.latimes.com/business/la-fi-meade-ins...0705,0,1646562.story

Meade could be sold to venture capitalists (god help them if they are) or bankrupt by monday,
Dave L. on facebook , See my images in flickr
Chairman. Shannonside Astronomy Club (Limerick)

Carrying around my 20" obsession is going to kill me,
but what a way to go. :)
+ 12"LX200, MK67, Meade2045, 4"refractor
8 years 10 months ago #98183

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Replied by Seanie_Morris on topic Re: Meade has been bought by JOC

That story link says that:

Kids who once put telescopes at the top of their birthday and holiday wish lists are now opting for high-tech gadgets. People no longer hold stargazing parties, and households that once proudly displayed their telescopes no longer think they are trendy, analysts said.


But in Ireland, the case has been more to do with the weather I'd bet! (digressing) For the first time in years can I remember that a club can say, with over a week's notice to its members, that you're going to have an observing session on a Saturday night!
Midlands Astronomy Club.
Radio Presenter (Midlands 103), Space Enthusiast, Astronomy Outreach Co-ordinator.
Former IFAS Chairperson and Secretary.
8 years 10 months ago #98184

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