Materialise Acquires OrthoView Holdings - Quick Facts

(RTTNews) - Materialise NV (MTLS) announced the acquisition of UK-based OrthoView Holdings Limited, a provider of 2D digital pre-operative planning and templating solutions for orthopedic surgeons, for a cash payment of 8.47 million pounds, and a possible additional earn out payment of up to 0.36 million pounds.

At completion, OrthoView had an estimated 1.2 million pounds in cash and cash equivalents on hand and no financial debt.

The transaction is expected to be accretive to earnings per share within 12 months.

The transaction combines the frontrunner in 2D templating on X-ray images with Materialise's market-leading position in 3D pre-operative planning tools to provide surgeons and hospitals a one-stop shop for surgical planning software tools and corresponding 3D printed medical devices.

OrthoView's software imports a digital X-ray image from a PACS and positions the templates of suitable prostheses on the X-ray image at the correct scale. OrthoView currently serves more than 11,000 orthopedic surgeons in 60 countries globally, focusing primarily on joint replacements. It currently employs approximately 23 people, all of whom are expected to join Materialise.