With an eye on creating synergies and expanding the company’s global reach, dental implant manufacturer Straumann has signed an agreement to expand its ownership of value implant maker Neodent from 49 percent to 100 percent in 2015.
Straumann originally purchased its minority stake in Neodent—Latin America’s biggest implant manufacturer—in 2012 with an option to expand the ownership stake in 2015 and then to complete the purchase in 2018. The decision to renegotiate the deal and complete the purchase in a faster time frame was made in order to further expand Straumann’s global position in the value dental implant segment, according to a press release.
When the purchase is completed, Neodent’s founders will remain active with the company and Straumann will consolidate operations to achieve greater efficiencies across global markets. The company plans to continue pushing Neodent’s growth around the world.
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