Metall Zug-backed Haag-Streit Group completed the acquisition of a majority stake in VRmagic.

Metall Zug-backed Haag-Streit Group, a manufacturer of gold-standard diagnostic ophthalmic equipment, completed the acquisition of a majority stake in VRmagic, a pioneer in the field of virtual and augmented reality technology to assist medical training. Financial terms were not disclosed. By acquiring a majority stake in VRmagic, the Haag-Streit Group is rounding out its offering for ophthalmologists in the key field of training. With the additional technological competency of VRmagic in the fields of digital image processing and virtual reality, the Haag-Streit Group is continuing to expand its leading position.