Belgium-based medical imaging specialist Barco is selling its advanced visualization activities to Japan-based Toshiba Medical Systems Corporation via its newly formed, wholly-owned subsidiary, Toshiba Medical Visualization Systems Europe, Ltd., (TMVS).
Based in Edinburgh, Scotland, Barco’s Advanced Visualization (AVIS) group is specialized in 3-D clinical software solutions. As part of the agreement, TMVS will become the new owner of all AVIS assets, including its full product portfolio. It will help support the development of 3-D volume rendering and advanced visualization capabilities for all Toshiba modalities, says the 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.