Navigation Links
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 completed tooth. The end result is more attractive and extremely reliable. For the patient it means fewer trips to the dentist since the abutment always fits perfectly without the dentist having to make adjustments. Atlantis' method makes it possible to fabricate individual abutments for most of the major implant systems on the market. For dental laboratories, this makes their work more efficient and profitable.

Atlantis Components Inc. is based in Cambridge, Massachusetts and has 100 employees. The company has had very positive growth in recent years and now has a market-leading position in its segment.

(1) CAD=Computer-Aided Design CAM=Computer-Aided Manufacturing

"Astra Tech with its focus on research and its global sales organization is the perfect owner for Atlantis as it offers the ideal environment within which to further develop Atlantis' unique technology as well as grow the business," says Bob Stockard, CEO, Atlantis.

Operations will be integrated with Astra Tech's North American subsidiary headquartered in Waltham, MA. The North American market represents approximately one third of the world market and is Astra Tech's most important one. It is currently one of the fastest growing markets for the Astra Tech Group.

"The two companies complement each other perfectly. Through the acquisition of Atlantis, we can offer all dentists working with implants an optimal solution, in terms of both esthetics and function," says Scott Root, President and CEO, Astra Tech Inc., North America.

"We will develop a Center of Excellence in the US for esthetics, based on Atlantis' unique know-how and technology in order to offer advanced digital dentistry solutions," says Peter Selley.

In 2008, Astra Tech will begin producing Atlantis' CAD/CAM abutments for the European market at its headquarters in Molndal, Sweden. The launch and sales in Europe will be handled by Astra Tech's existing sales organization.

As recently as June of this year, Astra Tech opened a new center for training and education at its headquarters in Molndal. Dentists from all over the world are invited there to study the latest implant technology.

Astra Tech, a subsidiary of the AstraZeneca Group, develops, manufactures, and markets dental implants and advanced disposable medical equipment for the healthcare sector. The company develops products that lead to improved treatment results and simplified work for healthcare and dental professionals.

Astra Tech's headquarters and production facilities are located in Molndal, Sweden. The company is represented globally by 16 subsidiaries and selected local partners. Astra Tech has a total of 1,900 employees worldwide. The company puts 5 percent of its revenues annually into research. Astra Tech's revenues in 2006 totaled SEK 2.7 billion. Astra Tech's North American subsidiary is headquartered out of Waltham, MA, and urology operations are centered in Torrance, CA. Since 2004, the North American subsidiary has grown from 60 to over 200 employees.

Images for free publication can be downloaded from http://www.astratech.com


'/>"/>
SOURCE Astra Tech
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Ayurvastra Initiative Launched
2. Astra Zenecas Seroquel Gets FDA Approval For Schizophrenia
3. Astrazenecas Investigational Cancer Therapies Revealed at ASCO
4. Ossur Acquires the U.S. Orthopaedics Company
5. Stem of Hope: Stem Cell Research Acquires a Brittle Star As A model
6. Pfizer Acquires Worldwide Rights For New Overactive Bladder Drug
7. Premier Army Hospital Acquires PET-CT Scanner
8. Wockhardt acquires Protinex, Farex brands from Netherland Co
9. Indoco Remedies Acquires La Nova Chem
10. Ranbaxy Acquires Glaxosmithklines Generic Unit in Spain
11. AIIMS Acquires Four-Armed Robot to Assist in Surgeries
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/23/2017)... (PRWEB) , ... August 23, 2017 , ... ... of the American Academy of Orthopaedic Surgeons , points out that therapeutic ... suffering from pain or injury. According to the report, a wider scope of ...
(Date:8/22/2017)... ... 22, 2017 , ... The old adage “you are what ... eating healthy foods. But this well-known piece of nutrition advice ignores that an ... carbohydrates—depends not only on properties of the food but also on properties of ...
(Date:8/22/2017)... del Rey, CA (PRWEB) , ... August 22, ... ... of revenue cycle management (RCM) solutions, announced recently the availability of a new ... HIM community in appreciation for their service to the healthcare industry. E/M coding ...
(Date:8/22/2017)... ... ... “Wilderness Voices”: a collection of poetry inspired by life on a Kentucky ... published author, Martha McKown, an ordained United Methodist minister with graduate degrees in Religious ... her older sisters studied High School literature. She loved the early English folk ...
(Date:8/22/2017)... ... August 22, 2017 , ... ... is the Founder and Managing Member for t4 Leadership Development & Consulting. He ... to his definition of “success”: physician leadership development, servant leadership, data driven process ...
Breaking Medicine News(10 mins):
(Date:8/15/2017)... Inc. announced today that its fully owned USA ... York City Office in Yonkers, New York ... (TWO 2 ) homecare therapy. This new East Coast location has ... under the company,s DMEPOS accreditation for Home/Durable Medical Equipment Services. ... Advanced Oxygen Therapy Inc. New ...
(Date:8/11/2017)... 11, 2017 DarioHealth Corp. (NASDAQ: DRIO), a ... big data solutions, today announced that it will release ... and host a conference call at 9:00am ET. The ... financial results and its strategy and outlook for the ... Erez Raphael , Chief Executive Officer, and ...
(Date:8/8/2017)... Aug. 8, 2017  BioLineRx Ltd. (NASDAQ/TASE: BLRX), a ... reports its financial results for the second quarter ended ... the second quarter 2017 and to date: ... development programs for the Company,s lead project, BL-8040: ... study with BL-8040 as novel stem cell mobilization treatment ...
Breaking Medicine Technology: