News | November 20, 2008

Barco Sells Advanced Visualization Business to Toshiba

November 21, 2008 – Medical imaging specialist Barco has entered into an agreement to sell its advanced visualization business to Toshiba Medical Systems Corp., Tokyo, Japan (Toshiba) via its newly formed, wholly-owned subsidiary, Toshiba Medical Visualization Systems Europe Ltd., Edinburgh, UK (TMVS).

‘Advanced Visualization’ was part of Barco’s Medical Imaging Division through the acquisition of the Voxar company. The divestment operation, which is subject to approvals from relevant antitrust authorities, is expected to close within a few months. Both parties have agreed not to disclose the financial terms of the transaction.

Based in Edinburgh, Scotland, Barco’s Advanced Visualization (AVIS) group is specialized in 3D clinical software solutions, marketed worldwide under the product names ‘Voxar 3D’ and ‘Voxar 3D Enterprise.’ As part of the agreement, TMVS will become the new owner of all AVIS assets, including its full product portfolio. TMVS will help support the development of 3D volume rendering and advanced visualization capabilities for all Toshiba modalities.

“This acquisition and the formation of TMVS allows for a critical multi-modality research and development center in Europe, an area of the world widely acknowledged for its innovations in medicine,” said Kenichi Komatsu Ph. D., president and CEO, Toshiba Medical Systems Corporation. “This demonstrates Toshiba’s strong commitment to our customers worldwide as well as the healthcare industry in Europe.”

Martin De Prycker, CEO of Barco, explained, “The decision to divest our AVIS activities comes after a careful and deliberate evaluation of Barco’s business portfolio. It fits within the strategic focus of Barco’s medical imaging division, concentrating all resources on the development and marketing of innovative medical display systems for diagnostic, surgical and clinical imaging along with custom-built solutions for medical OEMs worldwide. Barco has been a leader and pioneer in this area for almost twenty years and is committed to further increase its leading position in the healthcare imaging market in the years to come. In this way the divestiture of our AVIS activities is fully in line with our long-term overall strategy to continue creating value for our shareholders.”

De Prycker added: “This transaction will have a positive impact on the results of the quarter in which it is closed. The divestiture of our AVIS activities will also contribute to the cost-reduction program communicated earlier this year.” Barco’s CEO also indicated that Barco will communicate the exact impact of this transaction after the closing.

For more information: www.barco.com

Related Content

Materialise Receives FDA Clearance for Cardiovascular Planning Software Suite
Technology | Advanced Visualization | June 13, 2019
Three-dimensional (3-D) printing software and solutions company Materialise has received U.S. Food and Drug...
Technological Advancements Expected to Drive Virtual Reality Growth in Healthcare
News | Advanced Visualization | April 04, 2019
Increasing demand for innovative diagnostic techniques, neurological disorders and increasing disease awareness are...
DrChrono and 3D4Medical Partner to Bring 3-D Interactive Modeling to Physician Practices
News | Advanced Visualization | March 18, 2019
DrChrono Inc. and 3D4Medical have teamed up so practices across the United States can access 3-D interactive modeling...
Philips Introduces IntelliSpace Portal 11 at ECR 2019
Technology | Advanced Visualization | February 27, 2019
Philips announced the launch of IntelliSpace Portal 11, the latest release of the company’s comprehensive, advanced...
Philips and Microsoft have partnered to develop an augmented reality system to help imporve workflow and procedural navigation in the cath lab. Physicians wearing visors can view and interact with true 3-D holograms above the patient on the table and manipulate the image with voice and hand motion commands to avoid breaking the sterile field. Virtual reality in the cath lab, interventional lab, hybrid OR, or cardiovascular lab.

Philips and Microsoft have partnered to develop an augmented reality system to help imporve workflow and procedural navigation in the cath lab. Physicians wearing visors can view and interact with true 3-D holograms above the patient on the table and manipulate the image with voice and hand motion commands to avoid breaking the sterile field. 

News | Advanced Visualization | February 25, 2019
Philips will unveil a new mixed reality concept developed together with Microsoft that the company says is designed for...
Medivis Launches SurgicalAR Augmented Reality Platform
Technology | Advanced Visualization | February 14, 2019
Medical imaging and visualization company Medivis officially unveiled SurgicalAR, its augmented reality (AR) technology...
Videos | Advanced Visualization | December 12, 2018
This is an example of the FDA-cleared OpenSight augmented reality (AR) system for surgical planning from NovaRad at t
Nihon Kohden Launches Augmented Reality Electrophysiology Training App at HIMSS18
Technology | Advanced Visualization | March 06, 2018
Nihon Kohden announced the launch of the Nihon Kohden Dimensions Augmented Reality (AR) App to complement the Clinical...
NIH Issues $2.2 Million Grant for Augmented Reality Cardiac Hologram Research
News | Advanced Visualization | February 15, 2018
February 15, 2018 — The National Institutes of Health (NIH) awarded a $2.2 million research grant to healthcare techn
Overlay Init