Planar Systems, a Leyard company, has announced the finalization of the merger agreement with NaturalPoint, the manufacturer of optical tracking and motion capture solutions, according to the company's statement dated 27th of January.
According to Planar, the acquisition, which was announced on November 8, 2016, brings together major players in complementary technologies to increase attention on the high growth and strategic opportunities in augmented and virtual reality and in other market segments like CAVEs, drone tracking, movement sciences, sports performance, computer visualization and animation. NaturalPoint, makers of OptiTrack, TrackIR and SmartNav branded products, is a key player in the market of precision motion capture systems.
Roth Capital Partners, LLC served as financial advisor to Planar and Vista Point Advisors served as financial advisor to NaturalPoint.
NaturalPoint will remain a separate business with its own executive team, customers, and market initiatives, according to a press release.