Straumann gains majority stake in Dental Wings
BASEL, Switzerland: Straumann, a leading provider of tooth replacement solutions, has increased its stake in Dental Wings from 44 to 55 per cent with an option for a stepped increase to full ownership by 2020. Although Straumann now holds the majority of shares, the founding shareholders of Dental Wings will retain a controlling interest and will remain with the company, together with the executive management. Financial terms were not disclosed.
Dental Wings is a leading provider of digital dentistry technologies, including dental scanning, implant planning, and prosthesis design and manufacture. Earlier this year, the company unveiled a revolutionary chairside mill, which uses laser technology to mill ceramic prosthetic crowns either in the laboratory or in the dental practice. In addition, Dental Wings introduced a new intra-oral scanner with an exceptionally small tip, making it easier to handle and more comfortable for patients. Both these innovative products complement the company’s well-established range of in-laboratory scanners and strengthen its position in the dental practice chairside segment.
“This deal secures our access to leading-edge technology and supports our strategy to become a total solution provider,” said Marco Gadola, CEO of Straumann. “Dental Wings covers the full digital workflow—from treatment planning and guided surgery to final restoration. It also has an exciting development pipeline, which complements our current technology platform and will enable us to offer customers central, in-lab and chairside milling possibilities in addition to state-of-the-art intra-oral scanning. I am delighted that we have been able to increase our ownership without losing the entrepreneurial vision and genius of its founding shareholders, who will help us to drive innovative technologies and cost-effective solutions that make life easier and more predictable for dentists and labs.”
Straumann first invested in Dental Wings by acquiring a 30 per cent stake in 2011, which it increased to 44 per cent one-and-a-half years later. The company has since become a strong partner in Straumann’s shared technology platform. Together with 3M ESPE, the two companies pioneered the first open-standard software platform for multiple dental applications.
Dental Wings was founded in 2007 in Montreal and has international offices in Berlin and Chemnitz in Germany, and Lyon in France. The company has a staff of 110 and its products are distributed by leading dental companies in over 45 countries around the world.
Headquartered in Basel in Switzerland, the Straumann Group is a global leader in implant, restorative and regenerative dentistry. In collaboration with leading clinics, research institutes and universities, Straumann researches, develops and manufactures dental implants, instruments, prostheses and tissue regeneration products for use in tooth replacement and restoration solutions or to prevent tooth loss. The group currently employs approximately 3,500 people worldwide and its products and services are available in more than 70 countries.