Astra Tech buys Atlantis
This article was originally published in The Gray Sheet
Dental implant maker Atlantis Components is being acquired for $71 million by Swedish dental implant firm Astra Tech, a unit of AstraZeneca, announced Sept. 27. The purchase of Cambridge, Mass.-based Atlantis includes advanced digital CAD/CAM computer-aided design/computer-aided manufacturing technology that will help Astra Tech tailor implant abutments to individual patient requirements. The deal also boosts Astra Tech's North American presence, and adds Atlantis' $25 million in sales forecasted for 2008. Meanwhile, Atlantis' dental implant offerings will gain expanded market penetration. Astra Tech, which generated 2006 revenue of $414 million, says it has been able to grow at a 40%-plus rate over the past few years while the global dental implant market has expanded at a 20% rate
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