Portland, Oregon-based digital display manufacturer Planar, a Leyard company, announces its acquisition of Corvallis, Oregon-based NaturalPoint, a maker of optical motion capture hardware and software, for $125 million in an all-cash transaction.

The companies say the acquisition will combine complementary technologies to capitalize on the growth and strategic opportunities presented by augmented and virtual reality, as well as in other market segments such as and in other market segments like drone tracking, movement sciences, sports performance, computer visualization and animation.

NaturalPoint, makers of OptiTrack, TrackIR and SmartNav branded products, employs a team of 60 in North America and has a state-of-the-art 25,000 square foot facility for its optical tracking business. That facility is located just two hours south of Planar's headquarters, and the companies say that close physical proximity will facilitate opportunities to better serve their growing customer bases, work with their suppliers and collaborate with industry partners to support the two businesses.

The acquisition is subject to customary closing conditions and is expected to finalize in the fourth calendar quarter of 2016 or early in the first calendar quarter of 2017. NaturalPoint will remain a separate business with its own executive team, customers, and market initiatives.