Dentsply Sirona announces the acquisition of OraMetrix
On March 26, 2018, Dentsply Sirona (XRAY) announced the acquisition of OraMetrix, a Texas-based privately held company. It provides 3D digital dental technology solutions. The acquisition aims to expand the orthodontic treatment solutions that Dentsply Sirona offers.
Dentsply Sirona plans to make additional investments in the OraMetrix portfolio, which could mean the deal is dilutive to the company’s 2018 and 2019 EPS (earnings per share). The deal is expected to close by fiscal 2Q18. However, the financial terms of the deal haven’t been disclosed yet.
OraMetrix is a Texas-based company that was founded in 1998. It currently has around 130 employees in the United States, Australia, and Germany. The company sales total ~$20 million.
OraMetrix has developed its advanced CAD (computer-aided design) platform, SureSmile, which enables consistent and predictable orthodontic outcomes. The technology offers more efficiency, control, and precision, which leads to shorter treatment times.
As per Dentsply Sirona, “the acquisition will enable Dentsply Sirona to provide a comprehensive orthodontic offering that will include a full arch clear aligner solution.” Dentsply Sirona expects to be able to offer a comprehensive digital workflow with a wide range of devices, enabling dental professionals to provide speedy treatments with better aesthetic outcomes.
According to Donald Casey, Dentsply Sirona’s CEO, “The acquisition of OraMetrix underscores our commitment to invest in differentiated technologies to drive innovation in the dental industry while strengthening our position in the marketplace and leveraging our global footprint.”
In the next article, we’ll look at the latest analysts’ updates and recommendations on Dentsply Sirona.