Straumann Group to acquire Chinese IOS manufacturer AlliedStar

Manufacturer and supplier of dental equipment and solutions Straumann Group has signed an agreement to acquire full ownership of AlliedStar, an intraoral scanner (IOS) manufacturer in China. The acquisition is said to enable the Group to offer customers in China a competitive IOS solution and to address additional price-sensitive markets and customer segments in the future.

AlliedStar will continue to serve existing channels as the acquisition will be spread over several instalments over the next eight years. The closing to obtain a controlling stake is expected in the coming months, where the parties agreed not to disclose the financial details.

AlliedStar
AlliedStar will continue to serve existing channels after the acquisition (Image: AlliedStar)

“We are very excited about this acquisition which is fully in line with our strategy to become a digitally powered oral care company globally. As the entry point for the digital workflow, the IOS is instrumental for the connection to our digital platform which will support our service-led business model,” said Straumann Group CEO, Guillaume Daniellot. “The acquisition will allow us to offer a competitive intraoral scanner solution in China. We are very happy to welcome the AlliedStar team to the Straumann Group which is sharing the mindset of building entrepreneurial businesses with customer centricity in mind.”

AlliedStar specialises in offering scanning and computer-aided design or manufacturing (CAD/CAM) solutions to dental clinics. The company was founded in 2019 by Wang Guijian and provides its digital solutions and services to over 90 countries globally. It has a headquarter and R&D centre in Shanghai, China, and a manufacturing facility in the China Dental Valley.

“These are very exciting times. Having built this system over the last four years, from idea to execution with a team that put its heart into this, it is more than rewarding to have found a strong partner with the same values that will help bring our solution to the next level by building a digital platform which can ultimately be offered to customers,” said Wang. “The combination of our solution with Straumann Group, a market leader with an extensive network and production expertise, creates a perfect partnership for a high growth expansion.”

The acquisition is also said to complement the Straumann Group’s intraoral scanner portfolio across different price points, and follows a recent series of acquisitions for various dental solutions providers. The Straumann Group announced an agreement to fully acquire PlusDental, a provider of orthodontic treatment solutions in Europe in May 2022; a minority stake and partnership with CareStack, a cloud-based technology company in July 2022; and the full acquisition of GalvoSurge, a Swiss medical device manufacturer most recently in May 2023.

Straumann Group is currently building its ‘Straumann AXS’ digital platform which aims to connect various services to support a seamless integration between the different solutions, eliminating the need for entering patient data manually in different systems along the treatment journey. The AlliedStar scanner portfolio will be connected to the Straumann AXS platform which will be launched in the Asia Pacific region in 2024.

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