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Astra Tech Acquires Innovative Dental Digital Technology Company
Date:9/27/2007

Comprehensive solutions offered for all implant needs.

WALTHAM, Mass., Sept. 27 /PRNewswire/ -- Astra Tech AB the leading Swedish medical technology company, a subsidiary of AstraZeneca, today announced it is acquiring the innovative US dental company Atlantis Components Inc. for USD 71 million in cash. This acquisition will further enhance Astra Tech's ability to provide comprehensive solutions including digital dentistry needs.

"The acquisition of Atlantis is a strategic addition to the current line of Astra Tech offerings that will increase the company's client base and give us an even stronger product portfolio in the field of dental implants. We are committed to strengthening our position in North America and in addition, we will now be able to introduce the latest digital CAD/CAM(1) technology in Europe," says President and CEO of Astra Tech Group, Peter Selley.

In the past few years, Astra Tech has grown at a rate of over 40 percent a year while the global market for dental implants is showing an average of 18- 20 percent growth. Growing demand for attractive functional tooth replacements has meant that the U.S. market for dental implants is approaching $700 million and is estimated to grow close to 20 percent each year for the coming years and reach an estimated $1.2 billion in 2011. More than 1,500,000 dental implants were placed in the U.S. last year.

"Our objective is to be one of the three largest dental implant companies within the next three years," Peter Selley continues. For the past ten years, Atlantis Components Inc. has developed a patented method for digitally producing "abutments." An abutment is the part that is connected to the implant, on which the artificial crown is placed. Using the latest CAD/CAM(1) technology, individually adapted abutments are produced for each patient. As opposed to standard abutments, Atlantis' technology is built around a unique method that is based on the appearance of the comp
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SOURCE Astra Tech
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