Exatech, a manufacturer of orthopaedic devices, has closed on the acquisition of Charlotte-based Altiva Corporation.

Altiva manufactures spinal products for use in spinal fusion as well as related instruments.

The deal was valued at $25 million.

Altiva, which offers a spinal fusion product line with implants and instrumentation that address major spinal pathologies, has assembled a strong spinal products portfolio by combining intellectual property acquisitions with various distribution agreemen