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Materialise acquires OrthoView Holdings

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Materialise NV recently announced it has acquired U.K.-based OrthoView Holdings for a cash payment of £8.47 million and a possible earn-out payment of up to £0.36 million.

Upon completion of the transaction, which was signed and closed simultaneously, OrthoView had an estimated £1.2 million in cash and cash equivalents and no financial debt. Materialise expects the transaction to be accretive to earnings per share within 12 months, according to a company press release.

The acquisition combines OrthoView’s 2-D templating on X-ray images with Materialise’s 3-D preoperative planning tools with the goal of providing a “one-stop shop” for surgical planning software tools and 3-D printed medical devices to surgeons and hospitals, according to the release.

“With our combined team, Materialise is now even better positioned to bring new patient-specific health care innovations to market to cost-effectively deliver improved and customized solutions to patients,” Fried Vancraen, founder and CEO of Materialise, said in the release.