The shareholders of Dental Wings have signed an agreement to sell their remaining shares in the company to Straumann Holding AG, making Dental Wings a fully owned Straumann Group company. Dental Wings’ products and services will be sold under the Dental Wings, Straumann, and other brands, as they are today, by Straumann and the Dental Wings network of distribution partners around the world.
“Our long-term partnership with Straumann has been exceptional on every level, and we are both proud and pleased to become part of the Straumann Group. The energy and passion for digital dentistry has never been stronger at Straumann, so the future is very bright for Dental Wings,” said Dental Wings’ founder Naoum Araj.
Dental Wings will be a core component in the new Digital Business Unit that Straumann is establishing under the leadership of Michael Rynerson, who is transitioning from his role as CEO of Dental Wings. The unit will cover software, scanners, information systems, milling equipment, materials, design services, and production centers on a global scale, comprising more than 500 employees.
The Straumann Group also recently purchased ClearCorrect and has acquired a 38% stake in Geniova, a small Spanish company that has pioneered a hybrid approach combining the advantages of clear aligner systems with the benefits of conventional brackets. Plus, it has acquired a 35% stake in Rapid Shape GmbH of Germany, which produces 3-D printing technologies. Straumann will use its cash and treasury shares to finance these deals.
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