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Dentsply announce merger with Sirona

16 September 2015

Dentsply announce merger with Sirona

Dentsply are set to merge with Sirona Dental in a move that will create the world’s largest manufacturer of professional dental supplies in a deal valued at about $5.5 billion.

The new company, which will be called Dentsply Sirona, will create a combined entity with the largest sales and service infrastructure in dental with 15,000 globally.

Jeffrey T Slovin, President and Chief Executive Officer at Sirona, said: “This is an exciting day for both companies, for the dental community and for patients around the globe. Combining two world class companies that share a culture of innovation will foster the development of differentiated, integrated solutions for general practitioners and specialists, particularly in the highest growth segments of the dental industry.

“Combining Sirona’s proven digital solutions and equipment with Dentsply’s leading consumables platform creates the most comprehensive dental solutions offering available to meet customer demand in every key segment. I look forward to leading the talented teams of both Sirona and Dentsply as we drive the global digitization of dentistry, offer superior solutions to customers and patients, and create The Dental Solutions Company.”

Chairman and Chief Executive Officer of Dentsply, Bret W Wise, commented: “We are excited about bringing together two industry leaders. Dentsply Sirona will offer a comprehensive line of solutions to more effectively meet the needs of dental professionals all over the world and advance patient care. With a strong financial profile, comprehensive product offerings and integrated solutions, DENTSPLY SIRONA will be uniquely positioned to make dentistry better, faster and safer around the world. I look forward to working with Jeff and the combined management team to deliver on this mission.”

The combined company will be called Dentsply Sirona and trade on the NASDAQ under the symbol XRAY. Dentsply Sirona’s Global headquarters will be located in York, PA, the location of Dentsply’s current headquarters, while the International headquarters will be located in Salzburg, Austria.

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