Announced
Completed
Financials
Tags
Acquisition
Friendly
Software
Germany
software
software development
Private Equity
Private
Majority
Single Bidder
Completed
Disposal
Cross Border
Synopsis
Align Technology, a manufacturer of 3D digital scanners and clear aligners used in orthodontics, completed the acquisition of exocad, a software company driving digital dentistry, from The Carlyle Group for €376m ($419m). "Dentistry today is evolving digitally, with technology advances and consumer awareness driving new opportunities in ortho-restorative and comprehensive treatment. Align is in a unique position to lead the digital transformation of dentistry by reimagining comprehensive treatment planning and by reinventing the way orthodontists and GPs practice with our digital platform for transforming smiles. exocad allows us to broaden and deepen Align’s digital platform by addressing restorative needs in our end-to-end digital platform that facilitate ortho-restorative and comprehensive dentistry and accelerates adoption of Invisalign treatment among the more than 300m potential patients worldwide," Joe Hogan, Align Technology President and CEO.
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