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
|SOURCE Astra Tech|
Copyright©2007 PR Newswire.
All rights reserved