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

Graphic courtesy of Pixabay

Graphic courtesy of Pixabay

Feature | Artificial Intelligence | April 22, 2019 | By Greg Freiherr
...
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...
Medivis Unveils AnatomyX Augmented Reality Education Platform
Technology | Advanced Visualization | April 02, 2019
Medical imaging and visualization company Medivis announced the launch of AnatomyX, its augmented reality (AR) platform...
Sponsored Content | Videos | Advanced Visualization | April 01, 2019
GE Healthcare goes beyond core equipment maintenance to help clients solve some of their most important asset and cli
Novarad Names New President
News | Enterprise Imaging | March 29, 2019
Medical imaging software company Novarad announced that it has appointed Paul Jensen as company president.
NZ Technologies Announces First Peer-Reviewed Paper on TIPSO AirPad
News | Interventional Radiology | March 25, 2019
NZ Technologies Inc. announced the first published clinical review on its TIPSO technology’s ability to provide...
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...
Jennifer N. A. Silva, M.D., a pediatric cardiologist at Washington University School of Medicine in Saint Louis, Mo., describes “mixed reality” at ACC19 Future Hub.

Jennifer N. A. Silva, M.D., a pediatric cardiologist at Washington University School of Medicine in Saint Louis, Mo., describes “mixed reality” at ACC19 Future Hub.

Feature | Cardiac Imaging | March 17, 2019 | By Greg Freiherr
Virtual reality (VR) and its less immersive kin, augmented reality (AR), are gaining traction in some medical applica
Videos | Advanced Visualization | March 05, 2019
This is an example of a new endoscopic virtual peritoneal inflation tool on the patient's computed tomography (CT) im
Videos | Orthopedic Imaging | March 05, 2019
This is an example of a 3-D printed pelvis that had multiple hip fractures and a second printed pelvis is from a post