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

Carestream dose management
Sponsored Content | Whitepapers | Advanced Visualization | August 17, 2017
It's critical for today's healthcare professionals to understand the balance between the risks and benefits of any X-...
Carestream Launches MR Brain Perfusion and Diffusion Modules for Vue PACS
Technology | Advanced Visualization | August 16, 2017
Carestream Health recently introduced new MR (magnetic resonance) Brain Perfusion and MR Brain Diffusion modules that...
CDN to Integrate Advanced Cardiac Imaging Tools From DiA Imaging Analysis
Technology | Advanced Visualization | August 10, 2017
August 10, 2017 — CDN recently announced a new partnership agreement with DiA Imaging Analysis Ltd., makers of next-g
GE Additive and Stryker Announce Additive Manufacturing Partnership
News | 3-D Printing | July 06, 2017
July 6, 2017 — GE Additive and Stryker have entered a partnership agreement to support Stryker’s growth in...
Philips Receives FDA 510(k) Clearance for IntelliSpace Portal 9.0
Technology | Advanced Visualization | June 29, 2017
Philips announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market...
Strain Imaging Improves Cardiac Surveillance of Certain Breast Cancer Patients
News | Cardio-oncology | May 03, 2017
Epsilon Imaging Inc. announced a research study using EchoInsight was presented at the American College of Cardiology (...
Fovia and Predible Health Combine XStream HDVR with Deep Learning to Fight Cancer
News | Advanced Visualization | April 25, 2017
Fovia Inc. and Predible Health announced a new collaboration to combine high-quality imaging performance and accuracy...
SyntheticMR Myelination Quantification Feature Receives CE Mark
News | Magnetic Resonance Imaging (MRI) | April 19, 2017
April 19, 2017 — REMyDI (Rapid Estimation of Myelin for Diagnostic Imaging), first introduced by SyntheticMR AB at th
3-D-printed Model of Stenotic Intracranial Artery Enables Vessel-Wall MRI Standardization
News | 3-D Printing | April 18, 2017
April 18, 2017 — A collaboration between stroke neurologists at the Medical University of South Carolina (MUSC) and b
3-D Prints Compare Effectiveness of Top Surgical Techniques for Repairing Heel Deformity
News | 3-D Printing | April 18, 2017
Using 3-D models of a patient’s foot, investigators at Cedars-Sinai have found that the three leading procedures for...
Overlay Init