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Straumann acquires Czech distributor Ormedent spol. s r.o.
Basel/Prague, 16 January 2008: Straumann, a global leader in implant, restorative and regenerative dentistry, announced today that it has acquired Ormedent spol. s r.o., the exclusive distributor of Straumann products and services in the Czech Republic and Slovakia. The acquisition provides Straumann with its own local subsidiary and direct access to customers in a further attractive emerging market in Eastern Europe. The purchase price was not disclosed. Based in Prague, Ormedent enjoys a leading position in the Czech Republic as a distributor of products and services for implant dentistry and oral tissue regeneration. With Straumann as its exclusive partner in these fields since 1999, the company has successfully established the Straumann Dental Implant System as the system of choice among Czech implantologists and dental professionals. Ormedent’s small but efficient sales team, which also serves the Slovakian market, will transfer to Straumann together with the management. Franz Maier, Head of Global Sales and Member of Straumann’s Executive Management Board, commented: “Ormedent is an excellently run company that has consistently generated good sales growth over the past years. We are delighted that the team will continue with us to serve customers and their patients in the Czech Republic and Slovakia”. With a population of 10.3 million served by approximately 7000 active dentists, the Czech Republic is one of several attractive emerging markets in Eastern Europe, where Straumann is strengthening its presence. Less than a fortnight ago the Group announced a similar strategic move with the opening of a branch office in Hungary. Today, Straumann is present in more than 60 countries worldwide, and generates approximately 95% of its total revenues directly, with the remainder coming through distributors. About Straumann Concerning forward-looking statements |
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