Smith & Nephew to buy Swiss firm Atracsys

Smith & Nephew on Tuesday said it was buying Switzerland's Atracsys, a provider of optical tracking technology used in computer-assisted surgery, for an undisclosed sum.

Atracsys' fusionTrack 500 system 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, Smith & Nephew said in a statement.

The acquisition was expected to complete during the third quarter of 2019, it added.