Dental Wings announced that Straumann has increased its ownership position in the company from 44% to 55%, with an option to increase to full ownership by 2020. Although Straumann is now the majority shareholder, the founders and executive management of Dental Wings will remain with the company and retain operational control. Financial details of the transaction were not disclosed.
"We are delighted that Straumann has further increased their ownership position in Dental Wings as an affirmation of the work we are doing to advance digital dentistry for professionals and patients alike,” said Michael Rynerson, CEO of Dental Wings. “In Straumann we have a world-leading partner that embodies technical, operational, and sales excellence, from which we and our customers will benefit greatly.”
"This deal secures our access to leading-edge technology and supports our strategy to become a total solution provider,” said Marco Gadola, CEO of Straumann. “Dental Wings covers the full digital workflow – from treatment planning and guided surgery to final restoration. It also has an exciting development pipeline, which complements our current technology platform and will enable us to offer customers central, in-lab and chairside milling possibilities in addition to state-of-the-art intraoral scanning. In addition, I am delighted that we have been able to increase our ownership without losing the entrepreneurial vision and genius of its founding shareholders, who will help us to drive innovative technologies and cost-effective solutions that make life easier and more predictable for dentists and laboratories."