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Home Industry News Nobel Biocare rumoured to be taken over

Nobel Biocare rumoured to be taken over

25th February 2009

Nobel Biocare is rumoured to be bought in the near future, it has been reported.

The Financial Times explained the possibility of a large company acquiring the dental implant manufacturer rose against a falling market yesterday.

Speculation was triggered after UBS disclosed it had lowered its stake in the Swiss company from 9.2 per cent to 5.47 per cent, the publication continued.

A firm the newspaper cited as a potential candidate for the takeover is Johnson and Johnson, which has been linked with the business in the past.

Pharmaceutical company AstraZeneca could also be in the running, as it could be an opportunity for it to build on its dental subsidiary Astra Tech.

Earlier this month, Nobel Biocare announced its net profit for the final quarter of the financial year 2008 was down 45 per cent.

The company develops and produces products including dental implants, all-ceramic prosthetic solution, surgery software and biomaterials.

It has over a 40 year history in scientific dental research, beginning as an idea of two Swedish innovators ? Professor Per-Ingvar Branemark and Dr Matts Andersson.

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