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

Dental Tribune International

Wed. 16 September 2015

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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.

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