Ad hoc announcement pursuant to Art. 53 LR

Straumann completes acquisition of 49% of Neodent

 
  • Straumann gains leading presence in the world’s second largest dental implant market
  • CHF 260 million paid from Straumann’s cash reserves for stake in privately held company
  • Straumann obtains options to increase ownership to 100%
 

Basel, 1 June 2012 – Straumann announced today that it has completed the acquisition of 49% of Neodent, the leading dental implant company in Brazil, for CHF 260 million in cash. The deal, which was announced on 16 May 2012, gives Straumann a leading position in Brazil, the world’s second largest market for implant dentistry[1],[2]. It also enhances the company’s access to additional Latin American markets. The agreement provides Straumann with options to increase its stake to 100% over the next six years.

 

As a privately-held company, Neodent has grown at an average rate of 20% over the past three years, achieving sales of approximately CHF 80 million in 2011, with an EBITDA margin of more than 40%.

 

In order to maximize their market potential, the two companies will continue to operate independently as separate businesses and brands addressing distinct customer segments in Latin America. The dual brand strategy will enable them to build on their respective current positioning: Straumann as a leading global provider of innovative premium solutions and services, and Neodent as a regional leader offering solutions that are tailored to local market needs.

 

About Neodent

Founded in 1993, Neodent’s headquarters and state-of-the-art manufacturing facility are located in Curitiba. The company employs more than 700 employees and operates more than 10 branches in Brazil. It also has two subsidiaries abroad (Portugal and Mexico) and works with more than 10 distributors in South America and other geographies.

 

About Straumann

Headquartered in Basel, Switzerland, Straumann (SIX: STMN) is a global leader in implant, restorative and regenerative dentistry. In collaboration with leading clinics, research institutes and universities, Straumann researches, develops and manufactures dental implants, instruments, prosthetics and tissue regeneration products for use in tooth replacement and restoration solutions or to prevent tooth loss. Straumann currently employs approximately 2450 people worldwide and its products and services are available in more than 70 countries through its broad network of distribution subsidiaries and partners.

 

 

Straumann Holding AG, Peter Merian-Weg 12, 4002 Basel, Switzerland.

Phone: +41 (0)61 965 11 11 / Fax: +41 (0)61 965 11 01

E-mail: investor.relations@straumann.com or corporate.communication@straumann.com

Homepage: www.straumann.com

 

 

Contacts:

 

Corporate Communication:

Mark Hill

Thomas Konrad

+41 (0)61 965 13 21

+41 (0)61 965 15 46

 

Investor Relations:

Fabian Hildbrand

+41 (0)61 965 13 27

 

Disclaimer

This release contains certain “forward-looking statements”, which can be identified by the use of terminology such as ‘’, ‘option’, ‘potential, ‘will’, or similar wording. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group’s products, the potential for the Group’s products to become obsolete, the Group’s ability to defend its intellectual property, the Group’s ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group’s ability to generate revenues and profitability, to realize its expansion projects in a timely manner, and to maintain its business relationships with suppliers, customers and other third parties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. Straumann is providing the information in this release as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.

 

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[1] By volume

[2] iData Research Inc. 2011 and Straumann estimates

 

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