The private shareholders of Ascension Technology Corporation have sold all assets of the company to Roper Industries, Inc. for US$19 million.
Ascension Technology Corporation manufactures 3D magnetic tracking systems for image-guided navigation for minimal invasive surgery or diagnostic and therapeutic purposes. This allows for non-radiating navigation to the internal targets, such as tumors.
Roper Industries, Inc. designs, manufactures and distributes radio frequency products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software.
Oaklins' team in Dallas initiated this transaction, advised the seller and assisted in its closing. Oaklins' team in Japan was also involved in this transaction.
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