M&A Deal Summary

Ocutrx Acquires Spectrum Advanced Manufacturing Technologies

On April 12, 2023, Ocutrx acquired medical products company Spectrum Advanced Manufacturing Technologies

Acquisition Highlights
  • This is Ocutrx’s 1st transaction in the Medical Products sector.
  • This is Ocutrx’s 1st transaction in the United States.
  • This is Ocutrx’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-04-12
Target Spectrum Advanced Manufacturing Technologies
Sector Medical Products
Buyer(s) Ocutrx
Deal Type Add-on Acquisition

Target

Spectrum Advanced Manufacturing Technologies

Colorado Springs, Colorado, United States
Spectrum Advanced Manufacturing Technologies is a multi-process line circuit card manufacturing and assembly facility that manufactures medical devices in compliance with FDA regulations and provide quick-turn product development and manufacturing services to commercial and government entities. It serves a robust client base in Hi-Rel industries such as medical devices, industrial controls, defense, and space flight hardware. Spectrum was formed in 1997 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Ocutrx

Laguna Beach, California, United States
Category Company
Sector Medical Products
DESCRIPTION

Ocutrx is a medical manufacturing company focusing on 3D visualization innovations, including Augmented Reality/Extended Reality (AR/XR) headsets, robotics, and minimally invasive surgical tools. It pioneered the OcuLenzTM and ORLenz AR headsets which are the lightest weight headsets with the largest field-of-vision in the market. And, it introduced the all-digital OR-Bot® 3D Surgery Visualization System for Healthcare Operating Rooms. The company has 8 patents on its unique AR/XR Optical Engine and 16 patents covering its multiple Medical and OR products. At a time when new visualization techniques are beginning to advance into medical and surgical practices globally, Ocutrx is based in Laguna Beach, California.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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