Anthogyr and Straumann announce partnership
(Thomson Reuters ONE) -
* Anthogyr opens door for Straumann to enter fast-growing value segment in
China
* Straumann to acquire 30% stake in Anthogyr
* Both parties intend to broaden cooperation
Basel/Sallanches 25 February 2016 - Anthogyr, French dental implant manufacturer
and Straumann, a global leader in tooth replacement solutions, have announced a
partnership agreement that enables the Swiss company to invest in Anthogyr and
to address a broader section of the fast-growing tooth replacement market in
China.
Anthogyr's dental implant system is registered and established in China where it
is positioned as a high-quality attractively-priced option. The agreement
foresees the transfer of Anthogyr's implantology business activities in China to
Straumann by mid-year, giving the latter access to the fast-growing value
segment there. The combination of the two companies' sales capabilities is
expected to provide the critical mass to compete and grow successfully in this
segment. Straumann already leads the premium segment in China and has recently
established a new country organization and distributor network covering all
provinces.
In addition, Straumann is to acquire a 30% stake in Anthogyr and offers
potential leverage to the business in other markets through Instradent, the
business platform that Straumann is building to address the global value segment
with multiple brands. Financial details were not disclosed and the agreement is
expected to become effective at the end of March, subject to the fulfilment of
certain conditions.
About Anthogyr - www.anthogyr.com
Located in Sallanches, France, Anthogyr is a family-owned business rooted in the
precision engineering region close to Geneva. Anthogyr began manufacturing
dental implants in 1980 and has expanded rapidly in recent years boosted by the
success of its Axiom implant system. With a team of 400 employees and
consolidated sales of approximately 45 million euros, the company develops,
manufactures its products in France and Luxemburg and sells them on five
continents through eight subsidiaries and a network of distributors. Almost 60%
of its sales are in its domestic market, 15% elsewhere in Europe and
approximately 15% in Asia.
About Straumann - www.straumann.com
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 3450 people
worldwide and its products and services are available in more than 100 countries
through its broad network of distribution subsidiaries and partners.
Contacts Anthogyr:
Agence Amalthea :
Anne Laure Fogliani, +33 4 26 78 27 15
alfogliani(at)amalthea.fr
Contacts Straumann:
Corporate Communication:
Mark Hill, +41 (0)61 965 13 21
Thomas Konrad, +41 (0)61 965 15 46
Investor Relations:
Fabian Hildbrand, +41 (0)61 965 13 27
Disclaimer
This release contains certain forward-looking statements that reflect the
current views of management. Such statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of the Straumann Group to differ materially from
those expressed or implied in this release. Straumann is providing the
information in this release as of this date and does not undertake any
obligation to update any statements contained in it as a result of new
information, future events or
otherwise.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Anthogyr via GlobeNewswire
[HUG#1989298]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2016 - 10:13 Uhr
Sprache: Deutsch
News-ID 453197
Anzahl Zeichen: 4860
contact information:
Town:
Sallanches
Kategorie:
Business News
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