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BASEL, Switzerland: Straumann Group has announced its acquisition of AlliedStar, a leading intra-oral scanner provider based in Shanghai in China. The company said in a press release that the strategic move will enable it to diversify its intra-oral scanner offerings, catering for various price points and ensuring greater penetration into the competitive Chinese dental market.
Straumann CEO Guillaume Daniellot emphasised in a press release that the acquisition aligns with the company’s vision to emerge as a global leader in digital oral care. Daniellot said: “The intra-oral scanner is pivotal to our evolving digital workflow and our aim to bolster our service-led business model. With AlliedStar on board, we can confidently offer a compelling intra-oral scanner solution in China.”
Straumann is in the process of establishing the Straumann AXS digital platform, which will connect various Straumann services and eliminate the need for manual entry of patient data at different stages of treatment. AlliedStar’s scanner range will be incorporated into Straumann AXS when the platform is launched in the Asia Pacific region in 2024.
AlliedStar was founded in 2019 by technology veteran Wang Guijian, and the company quickly experienced significant growth. Wang expressed his enthusiasm about the acquisition, highlighting the synergy between the two companies. He said: “These are very exciting times. Having built this system over the last four years from idea to execution with a team that put its heart into it, it’s more than rewarding to have found a strong partner with the same values that will help bring our solution to the next level by building a digital platform which can ultimately be offered to customers. The combination of our solution with Straumann Group, a market leader with an extensive network and production expertise, creates a perfect partnership for high-growth expansion.”
The value of the acquisition was not disclosed. However, it was specified that Straumann will fully acquire AlliedStar through phased payments over a period of eight years.
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