Metall Zug Group acquires majority stake in VRmagic
Haag-Streit Group, part of Metall Zug Group, has acquired 77% of VRmagic Holding’s shares, with an option agreement to purchase the remaining shares from employee shareholders within the next 3 years, according to a press release.
VRmagic, which provides virtual and augmented reality technology for medical training, is, with Eyesi, a leader in training ophthalmologists and has experience in developing systems for optical tracking. VRmagic and subsidiaries had more than 10 million euros in sales in 2019 with approximately 65 employees.
Acquiring a majority stake in VRmagic will allow Haag-Streit Group to increase its offerings for training ophthalmologists.