Dental News - DENTSPLY–Sirona merger to create world's largest dental manufacturer

Dental Tribune International

Wed. 16 September 2015

save

SALZBURG, Austria/YORK, Penn., USA: Yesterday, DENTSPLY International and Sirona Dental Systems announced that the companies have entered into a definitive merger agreement. It is expected that the new company will be the world's leading manufacturer of professional dental products and technologies, having the largest sales and service infrastructure in the global dental industry with about 15,000 employees across the world.

The newly founded company will operate under the name of DENTSPLY SIRONA. Both companies will retain their respective headquarters. The current DENTSPLY head office in York will serve as the new company's global headquarters, while the international headquarters will be located in Salzburg.

Upon close of the transaction, Jeffrey T. Slovin, current president and CEO of Sirona, will serve as CEO of DENTSPLY SIRONA and will be a member of the board of directors. Bret W. Wise, current chairman and CEO of DENTSPLY, will assume the position of executive chairman of the newly founded company. In their respective positions, they will collaborate in executing the corporate strategy and in integrating the companies and their respective corporate cultures.

Together, the companies expect to generate a net revenue of about $3.8 billion (€3.4 billion) and adjusted EBITDA of more than $900 million (€796 million), excluding the incremental benefit of synergies.

In addition to thousands of employees in more than 120 countries, DENTSPLY SIRONA will have over 600 scientists, and research and development staff working to accelerate the development of new dental technologies, especially in the rapidly growing areas of digital dentistry and integrated solutions.

The merger is expected to be completed in the first quarter of 2016. However, the transaction is still subject to the receipt of certain regulatory approvals and other customary closing conditions and approvals.

To post a reply please login or register

Dentsply Sirona is helping dental practices become environmentally sustainable

CHARLOTTE, N.C., US: To coincide with World Environment Day on 5 June, Dentsply Sirona is offering dental professionals who want to develop a more ...

Dentsply Sirona holds first EPIC Women’s Dental Meeting

CHARLOTTE, N.C., U.S.: Dentsply Sirona welcomed a group of female dentists and CEREC owners to the first EPIC Women’s Dental Meeting, held in Charlotte on...

ADHA to host nation’s largest gathering of dental hygienists

The American Dental Hygienists’ Association (ADHA) will serve as the host for North America’s largest meeting of dental hygiene professionals at...

Dentsply Sirona announces Implant Solutions World Summit 2024

CHARLOTTE, N.C., US: Registration is now open for Dentsply Sirona’s highly anticipated event taking place from 13 to 15 June 2024 in Miami in Florida in ...

Dentsply Sirona Endodontics employees prepare to deliver donations to Youth Services Tulsa

TULSA, Okla., USA: Each year, Youth Services of Tulsa (YST) awards an organization or individual donor who has gone above and beyond to support youth in ...

‘Bonjour Montreal!’ Canada’s largest annual dental meeting to be held

MONTREAL, QUEBEC, CANADA: A number of climatic regions merge in Montreal, giving the city its humid continental climate. This means that although May in ...

Dentsply Sirona appoints new CEO

CHARLOTTE, N.C., US: Dentsply Sirona has announced that it has appointed Simon Campion as president and CEO. He will join the company’s board of directors...

Let's TALK Implant Solutions! Join Dentsply Sirona in Charlotte at the AO

Dentsply Sirona is ready for AO 2024 with a full line-up for our Inspiration TALKS at the Corporate Forum and the latest product and technology solutions ...

Dentsply Sirona offers new on-demand Aligner Course Series

CHARLOTTE, N.C., US: The Aligner Course Series is an on-demand programme designed to equip dental practitioners with the knowledge and skills needed to ...

US dental implant companies merge

BURLINGTON, Mass. & IRVINE, Calif., USA: After Dentsply's acquisition of Astra Tech Dental last year, another major player is poised to take on the ...

Education

Live webinar
Mon. 29 April 2024
12:30 PM EST (New York)