Envista to Acquire Carestream Dental's Intra-Oral Scanner Business for USD 600m.
MANews-(C)2009-2021
US-based dental products company Envista Holdings Corp. (NYSE: NVST) has entered into a definitive agreement to acquire US-based digital imaging, software, and practice management solutions provider Carestream Dental's Intra-Oral Scanner business for USD 600m, the company said.
The transaction is subject to customary regulatory approvals and expected to close in 2Q22.
The acquisition of this business is in line with Envista's long-term strategy to focus on the fastest growing segments of the dental market and to create differentiated solutions via the digitalization of dental workflows.
With expected annual sales of around USD 60m in 2021, this business is a high growth, high margin business that is complementary to both Envista's Equipment and Consumables segment and the...
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