Straumann Group to Acquire Chinese IOS Manufacturer AlliedStar
October 7, 2023 at 6:45:52 AM
Manufacturer and supplier of dental equipment and solutions Straumann Group has signed an agreement to acquire full ownership of AlliedStar, an intraoral scanner (IOS) manufacturer in China. The acquisition is said to enable the Group to offer customers in China a competitive IOS solution and to address additional price-sensitive markets and customer segments in the future.
AlliedStar will continue to serve existing channels as the acquisition will be spread over several installments over the next eight years. The closing to obtain a controlling stake is expected in the coming months, where the parties agreed not to disclose the financial details. AlliedStar specializes in offering scanning and computer-aided design or manufacturing (CAD/CAM) solutions to dental clinics. The company was founded in 2019 by Wang Guijian and provides its digital solutions and services to over 90 countries globally. It has a headquarters and R&D center in Shanghai, China, and a manufacturing facility in the China Dental Valley.
Straumann Group is currently building its ‘Straumann AXS’ digital platform which aims to connect various services to support a seamless integration between the different solutions, eliminating the need for entering patient data manually in different systems along the treatment journey. The AlliedStar scanner portfolio will be connected to the Straumann AXS platform which will be launched in the Asia Pacific region in 2024.
- Dental Asia -
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