NORD Holding acquires British Hallmarq Veterinary Imaging

Hanover/ London/ Munich — With the acqui­si­tion of Hall­marq Vete­ri­nary Imaging, the funds advi­sed by NORD Holding, toge­ther with the exis­ting port­fo­lio company OR Tech­no­logy, are estab­li­shing a globally active imaging tech­no­logy holding company in the vete­ri­nary sector. With a cross-loca­­tion team, McDer­mott Will & Schulte advi­sed the funds advi­sed by NORD Holding on the acqui­si­tion and finan­cing of Hall­marq Vete­ri­nary Imaging. 

The acqui­si­tion of Hall­marq Vete­ri­nary Imaging, toge­ther with OR Tech­no­logy and with the parti­ci­pa­tion of funds advi­sed by NORD Holding, crea­tes a globally active imaging tech­no­logy holding company in the vete­ri­nary sector and beyond. — This repres­ents a signi­fi­cant mile­stone as it is the second acqui­si­tion in less than a year since the part­ner­ship between OR Tech­no­logy and NORD Holding began. 

With more than 200 employees in Europe, the Middle East, Africa and North America, the newly formed group brings toge­ther tech­no­lo­gies, brands and exper­tise across a wide range of imaging moda­li­ties. Hall­marq brings its exper­tise in the deve­lo­p­ment of advan­ced MRI and CT solu­ti­ons speci­fi­cally desi­gned for vete­ri­nary appli­ca­ti­ons. OR Tech­no­logy comple­ments this with its port­fo­lio of digi­tal X‑ray systems, ultra­sound solu­ti­ons and imaging soft­ware, inclu­ding AI-powered diagno­stics for compa­n­ion animals and horses. 

The combi­na­tion crea­tes a unique medi­cal tech­no­logy plat­form cove­ring multi­ple imaging moda­li­ties, soft­ware solu­ti­ons, clini­cal appli­ca­ti­ons and custo­mer segments. Toge­ther, the compa­nies are uniquely posi­tio­ned to further acce­le­rate inno­va­tion, expand their global foot­print and deli­ver value to their custo­mers through a compre­hen­sive and inte­gra­ted imaging offering. 

André Seidel, Part­ner at NORD Holding, commen­ted: “This tran­sac­tion is another important step in the deve­lo­p­ment of our invest­ment. The combi­na­tion of comple­men­tary tech­no­lo­gies, high inno­va­tion power and inter­na­tio­nal reach crea­tes an excel­lent basis to build a global leader in the field of multi­mo­da­lity vete­ri­nary imaging.”

The funds advi­sed by NORD Holding conti­nue to support the Group’s long-term growth stra­tegy, which focu­ses on sustainable value crea­tion, inter­na­tio­nal expan­sion and further invest­ments in medi­cal tech­no­logy and personnel.

About Hall­marq Vete­ri­nary Imaging

Hall­marq Vete­ri­nary Imaging is a leading global provi­der of advan­ced diagno­stic imaging solu­ti­ons desi­gned speci­fi­cally for vete­ri­nary prac­tice. Foun­ded in 2001, the company is a pioneer in species-speci­­fic MRI and CT tech­no­lo­gies — from the worl­d’s first upright MRI for horses to helium-free 1.5T MRI systems for small animals and vision CT systems that improve diagno­stic accu­racy, speed and acces­si­bi­lity in equine and small animal medi­cine. With a clear commit­ment to inno­va­tion, quality and animal health, Hall­mar­qin ‘s products and compre­hen­sive services are in use in prac­ti­ces and refer­ral centers in more than 28 count­ries world­wide, helping vete­ri­na­ri­ans achieve better outco­mes for their pati­ents. — www.hallmarq.net

NORD Holding is a private equity and asset manage­ment company with assets under manage­ment of around EUR 4 billion and over 200 comple­ted tran­sac­tions. NORD Holding is charac­te­ri­zed by a part­ner­ship approach at eye level, focu­sing on the trans­for­ma­tion of medium-sized busi­ness models. We deve­lop the value of compa­nies and part­ner with the most ambi­tious mana­gers and leading inves­tors. — https://www.nordholding.de/

McDer­mott has alre­ady advi­sed NORD Holding on various tran­sac­tions, inclu­ding the acqui­si­tion of OR Technology.

Advi­sor NORD Holding: McDer­mott Will & Schulte, Munich

Holger H. Ebers­ber­ger, LL.M., Jason Zemmel (London; both Private Equity), Mark Fine (Finance, London; all lead), Alex­an­dra Prato, Dr. Manuel Weiß (both Coun­sel, Private Equity), Brian Casil­las (Employ­ment, Los Ange­les), Dr. Matthias Weis­sin­ger (Finance), Alex Jupp (Tax, London), Kath­ryn Linsky (Data, Privacy & Cyber­se­cu­rity, New York), Dr. Florian Schie­fer (Tax, Frank­furt); Asso­cia­tes: Parsin Walsi, LL.M., Mitch DaSilva (New York), Henry McCar­ron, Daniel Weston (both London; all Private Equity), Bethany Dray­ton, William Gibson-Dancer (both Finance, London), Max Kütt­ner (Anti­trust, Düsseldorf).

— www.mwe.com/de/