Divestitures in 2012

Vuzix Corporation sold its Tactical Display Group (TDG) assets to TDG Acquisition Company, LLC for $8.5 million in cash plus a potential $2.5 million earn-out. Approximately 35% of Vuzix’s manufacturing, engineering and sales personnel transferred to the buyer (to be based in the Rochester area), enabling Vuzix to focus on its consumer and commercial video eyewear business and to use proceeds to reduce indebtedness.

Geomagic completed the acquisition of Sensable Technologies, Inc.'s 3D design and haptics businesses, bringing Sensable's FreeForm/ClayTools software and Phantom haptic device technology into Geomagic's product portfolio. The deal expands Geomagic's capabilities for tactile (haptic) input and voxel-based modeling to complement its existing 3D scan-to-design and inspection software, while Sensable's dental products were excluded from the sale.

ATG Rehab has acquired the complex rehabilitation technology business segment of Colorado-based Rocky Mountain Medical Equipment (RMME). The deal transfers RMME’s ~3,100 mobility customers to ATG Rehab while RMME will continue to operate its remaining services from its Denver location.