On July 1, 2019, Smith & Nephew plc (LSE:SN, NYSE:SNN), the global medical technology business, announced the completion of the acquisition of Atracsys Sàrl, the Switzerland-based provider of optical tracking technology used in computer-assisted surgery. The acquisition supports Smith & Nephew’s long-term commitment to develop its multi-asset digital surgery and robotics ecosystem to empower surgeons and improve clinical outcomes.
Atracsys’ fusionTrack 500 optical tracking camera will be a core enabling technology for Smith & Nephew’s next-generation robotics platform, due for commercial release in 2020. The fusionTrack 500 offers superior measurement speed and latency performance, supporting reduced procedure times, as well as increased accuracy resulting in finer precision surgical tasks, such as bone cuts, compared to existing tracking technology.
Homburger provided Swiss law advice to Smith & Nephew in its acquisition of Atracsys Sàrl. The Homburger team was led by partner David Oser (Corporate | M&A) and included counsel Micha Fankhauser, associate Olivier Bühlmann (both Corporate | M&A), counsel Peter Müller and associate Laetitia Fracheboud (both Tax) as well as associate Carola Winzeler (IP | IT).
Milbank acted as international counsel to Smith & Nephew.