OR Technology And Hallmarq Join Forces To Build A Global Multimodality Imaging Group
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OR Technology and Hallmarq Veterinary Imaging have joined forces to form a new international group with the ambition to create a global player in multimodality imaging. The newly formed group brings together complementary technologies, market access, and deep expertise across both veterinary and human medical multimodality imaging and is backed by a fund advised by NORD Holding.
With more than 200 employees across Europe, MEA and North America, the group brings together Hallmarq’s leading expertise and innovation in veterinary MRI and CT technologies and OR Technology’s established multimodality portfolio for companion animals and equine patients including digital X-ray, ultrasound, and CT imaging. The combination creates a unique platform spanning a wide range of imaging modalities, software solutions including AI-supported diagnostics, clinical applications, and customer segments, positioning the group as a global leader in veterinary diagnostic imaging.
The partnership will accelerate innovation, expand the global footprint and enhance value for customers through a more comprehensive and integrated imaging portfolio. Both companies will continue their established operations, maintaining their strong commitments to employees and customers. They will remain under the leadership of Tim Thurn and Mick Crosthwaite, underscoring the long-term commitment and confidence in future growth and success.
Together, OR Technology and Hallmarq are setting the foundation for a strong, globally active imaging group—committed to advancing diagnostic imaging and improving clinical outcomes in veterinary and human medicine.
“This transaction marks a key milestone in our joint vision of building the global champion in multimodality imaging in the veterinary market,” said Tim Thurn, CEO of OR Technology. “With complementary technologies, strong brands and international scale, the group is poised for accelerated growth and long-term value creation.”
Mick Crosthwaite, CEO of Hallmarq added, “Today we are creating a powerful platform for innovation and global growth. Together, we are building a group that will set new standards in veterinary diagnostic imaging and deliver meaningful value to customers worldwide.”
Funds advised by NORD Holding continue to support the long-term growth strategy of the group, focusing on sustainable value creation, international expansion and continued investment in the field of medical technology and people.
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