Manufacturer of rotary instruments Nakanishi (NSK), has just announced that it has reached a definitive agreement to indirectly purchase 51% of the membership interests of DCI International (DCI), a dental equipment company.
According to the media release made on 21 Aug, the transaction will see 100% of DCI’s membership interests held by NSK. This strategic combination is said to further unlock the growth potential of NSK and DCI, to serve customers better and compete in the dental industry, especially in the US market. The whole DCI management team will stay in the company as well as its brand and sales channels.
“This is a game-changing combination which will provide both NSK and DCI with the broader solutions, customer reach and capabilities to solidify our position as a leading provider of dental chair units and instruments in our market. DCI and NSK values are very similar. Both companies have always practiced the ‘customer first’ principle with all sincerity to provide satisfaction and excitement to our customers,” said Eiichi Nakanishi, Group CEO of NSK. “We also try to manage our business based on people. Both companies have very good and loyal people and very strong teams. We also place great importance on long-term relationships with our customers. We feel that these values are a strength that both companies have over other competitors. By bringing the two companies together, we will further heighten our strengths and provide our customers with the best possible experience.”
“I started DCI 40 years ago with the core values of making our customer’s life easier, enhancing the life of our employees and providing dental care to those in need. NSK has demonstrated these same principles and will be a good steward of these values, while investing in DCI’s continued growth. I am excited about the future and what this means for our customers and employees,” said John Spencer, CEO of DCI.
DCI is said to be the second largest dental chair manufacturer in the US with its catalogue extending in its DCI Edge line of operatory equipment. Founded in 1930, NSK is reportedly the world’s largest manufacturer of rotary instruments for the dental profession which includes air-driven and electric handpieces, specialty handpieces, electric motors and handpiece maintenance systems.
The two companies have worked closely before where the DCI Edge and NSK engineering teams launched an integrated electric motor system together in 2020, and in 2023 to offer with an extended year warranty on handpiece bundles.
Financial details of the acquisition were not disclosed. NSK has been a minority owner since October 2020 where it completed an investment in DCI at a shareholding ratio of 33%. The anticipated closing date is 31 Aug 2023. The transaction is subject to regulatory approval and is expected to be closed in the coming weeks.