Planar Systems, a Leyard company and a worldwide provider of display systems, has entered into a definitive merger agreement to acquire NaturalPoint, which makes optical tracking and motion capture solutions, for $125 million in an all-cash transaction. NaturalPoint makes OptiTrack, TrackIR and SmartNav products.
The acquisition brings together companies specializing in complementary technologies to increase attention on the high growth and strategic opportunities in augmented and virtual reality, and in other market segments, like drone tracking, computer visualization and animation.
NaturalPoint is headquartered two hours south of the Planar campus in Oregon and employs a team of 60 in North America. The has a 25,000-square-foot facility for its optical tracking business.
The acquisition is subject to customary closing conditions, and is expected to finalize in the fourth calendar quarter of 2016 or early in the first calendar quarter of 2017. NaturalPoint will remain a separate business with its own executive team, customers and market initiatives.