23 January 2023

Virtualis x Demant

Cession

Secteur Health

Virtualis joins Demant: virtual reality for the treatment of vertigo and functional rehabilitation.

Client Virtualis

Virtualis, medtech created in 2015 by Franck Assaban, Physiotherapist, International Speaker, is the world leader in functional rehabilitation and treatment of vestibular disorders using Virtual Reality. Virtual Reality allows the therapist to perform quick and accurate assessments and to optimize the rehabilitation of patients suffering from pathologies: Neurology (stroke, MS...), Orthopedics, Traumatology, Balance disorders, and Motion sickness... Virtual reality improves the therapist's practice and becomes a real ally in providing quality care. Hundreds of practices and rehabilitation centers around the world are equipped with Virtualis solutions, as well as partnerships with the most prestigious research teams and international innovation awards (Rééduca Innov, Kiné 3.0, etc.).

Contrepartie Demant

Demant is a leading global hearing care and technology group, built on a DNA of care, health, and innovation since 1904. The group offers innovative technologies, solutions, and expertise to improve people's health and hearing. Demant is active and committed in all areas, from hearing care, hearing aids, and hearing implants to diagnostic equipment and services and audio solutions. Headquartered in Denmark, the group employs approximately 20,500 people worldwide and is present with solutions in 130 countries where we create life-changing hearing health. The William Demant Foundation holds the majority of shares in Demant A/S, which is listed on Nasdaq Copenhagen as a blue chip stock.

This acquisition allows Demant to expand its offer in functional rehabilitation and vertigo. With Demant’s entry into the company’s capital as a majority shareholder, Virtualis will be able to draw on the international scope of one of the world’s leading hearing aid companies to extend its geographical reach, establish its reputation and pursue its development.

Virtualis, the French medtech company, and world leader in virtual reality applications for healthcare, has chosen the Danish group Demant – the world leader in hearing aids listed on the Nasdaq in Copenhagen – to accompany it in its entrepreneurial adventure. This acquisition of a stake in Demant’s capital will enable Virtualis to be backed by a heavyweight in the sector. Demant will accelerate its international deployment by leveraging its global distribution network, its industrial capacity, and its worldwide technical support and installation teams.

We are particularly proud to have been joined by the Demant Group in our great adventure. This collaboration will allow us to develop internationally and promote our growth while maintaining our DNA and our team. The support provided by Pax Corporate Finance and the PGA team enabled us to carry out this transaction calmly and confidently, with the certainty that our interests were being defended in good faith. Franck Assaban

PAX teams were pleased to support Franck Assaban and his teams, designers of cutting-edge French solutions combining virtual reality and artificial intelligence for the benefit of global health. Several leading groups have shown a strong interest in Virtualis, leading to a landmark transaction for the medical sector. Adrien Tourres