DENTSPLY SIRONA Acquires the Assets of Propel Orthodontics, a Leading Innovator in Orthodontic Devices
04 Junho 2021 - 9:05AM
DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (Nasdaq: XRAY), today
announced that it has acquired substantially all of the assets of
Propel Orthodontics in an all-cash deal for $131 million. The
assets acquired include the VPro device and the Fastrack Mobile
App. Propel Orthodontics is a leading innovator, manufacturer, and
worldwide seller of orthodontic devices. Propel Orthodontics offers
in-office and at-home orthodontic solutions to dentists and their
patients. The acquisition is an important step for Dentsply Sirona
to further strengthen its position in the fast-growing clear
aligner market. The acquired product lines perfectly complement the
Byte® and SureSmile® businesses.
About Propel Orthodontics
Propel Orthodontics is a leading innovator, manufacturer and
worldwide seller of orthodontic devices with offices in Briarcliff
Manor, New York, and San Jose, California. The company provides
in-office and at-home orthodontic accessory devices to
orthodontists and their patients, including the VPro5™, a vibratory
orthodontic device used to properly seat aligners in 5 minutes a
day.
About Dentsply Sirona
Dentsply Sirona is the world’s largest manufacturer of
professional dental products and technologies, with a 134-year
history of innovation and service to the dental industry and
patients worldwide. Dentsply Sirona develops, manufactures, and
markets a comprehensive solutions offering including dental and
oral health products as well as other consumable medical devices
under a strong portfolio of world class brands. As The Dental
Solutions Company, Dentsply Sirona’s products provide innovative,
high-quality and effective solutions to advance patient care and
deliver better, safer and faster dentistry. The Company’s shares of
common stock are listed in the United States on Nasdaq under the
symbol XRAY. Visit www.dentsplysirona.com for more information
about Dentsply Sirona and its products.
Contact Information
Investors:Andrea DaleyVP, Investor
Relations+1-704-805-1293Andrea.Daley@dentsplysirona.com
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