Barco today closed the divestment of its advanced visualization (AVIS) activities to Tokyo-based Toshiba Medical Systems; the company said that details of the impact of the sale will be given with its first quarter financial results on April 22, 2009.
Barco announced the sale in November 2008 to a newly formed, wholly-owned subsidiary, Toshiba Medical Visualization Systems Europe (TMVS).
The Edinburgh, Scotland-based AVIS group will focus on 3D clinical software solutions, marketed worldwide under the product names Voxar 3D and Voxar 3D Enterprise. Toshiba now owns all AVIS assets, including its full product portfolio.
Barco's decision to sell its AVIS activities arose from a strategic refocusing of the company’s medical imaging division, concentrating all resources on the development and marketing of medical display systems for diagnostic, surgical and clinical imaging along with solutions for global medical OEMs, according to the firm.