Align Technology To Acquire Exocad In Digital Dentistry Space
Zacks Investment Research | Mar 08, 2020 10:05PM ET
Align Technology, Inc. (NASDAQ:ALGN) recently inked a deal to acquire Germany-based privately held exocad Global Holdings GmbH. exocad is a global pioneer in the dental CAD/CAM software space and specializes in offering fully-integrated workflows to dental laboratories and practices. It boasts an extensive network of customers, partners and resellers across 150 countries.
This acquisition should widen Align Technology’s reach in digital dentistry by enhancing adoption of Invisalign treatment among more than 300 million potential patients globally.
More About the Acquisition
The takeover is likely to bolster Align Technology’s digital platform that provides innovative tools and features for diagnostic, restorative, implant and orthodontic workflows. Once the acquisition is completed, exocad’s expertise in restorative dentistry, implantology, guided surgery and smile design will be integrated into Align Technology’s portfolio of Invisalign and iTero digital solutions.
This acquisition deal comes as a continuation of the collaboration efforts between Align Technology and exocad that initiated in 2017 with the integration of Align’s iTero intraoral scanners and exocad Chairside CAD software.
Per the terms of the deal, Align Technology will pay nearly 376 million euros in cash to acquire exocad. The deal is expected to close during the second quarter of 2020.
Market Prospects
Per a report by Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.