Dentsply Sirona agrees acquisition of MIS Implants

Dentsply Sirona has announced the acquisition of MIS Implants Technologies in a deal worth $375 million (282 million pounds).

The firm is a dental implant systems manufacturer headquartered in northern Israel with annual sales of approximately $80 million. It has been recognised as a leader in the value segment of the market, having achieved profitable growth in recent years.

MIS-branded products are sold internationally through a wide distribution network that includes a direct sales force reaching more than 65 countries. Dentsply Sirona sees the purchase as beneficial in its efforts to reach more of the multi-billion-dollar implant market.

This transaction is expected to be accretive to Dentsply Sirona's adjusted earnings per share within 12 months of the deal closing.

Jeffery Slovin, chief executive officer of Dentsply Sirona, said: "MIS has a broad portfolio of implants and related products under a well-established brand, making it a great complement to our company. This acquisition underscores our commitment to deploying capital to drive growth and create shareholder value."

This comes after Dentsply Sirona was created through a merger of equals between Dentsply and Sirona earlier this year.