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United States : DANAHER CORP. inks definitive deal with NOBEL BIOCARE [TendersInfo (India)]
[September 17, 2014]

United States : DANAHER CORP. inks definitive deal with NOBEL BIOCARE [TendersInfo (India)]


(TendersInfo (India) Via Acquire Media NewsEdge) Danaher Corporation has signed a definitive deal with Nobel Biocare Holding AG which will see Danaher Corporation or one of its direct or indirect arms launching a tender offer for all publicly owned registered shares of Nobel Biocare in an all-cash deal worth around $2.2 billion.



The deal would expand Danaher's market presence in the global dental sector.

It will also enable Nobel Biocare to fast-track its strategic objectives and future growth.


Henk van Duijnhoven, Senior Vice President of Danaher's Dental segment, stated : "Nobel Biocare has a very strong track record as an innovator and leader in the attractive market for dental implant and prosthetic solutions. Bringing Nobel Biocare s deep expertise in implant dentistry, digital prosthetics and software together with our extensive knowledge in 3D imaging, intraoral scanning and digital restorative solutions will further enable us to optimize clinical workflows to the benefit of patients and dental practitioners. This combination will help us build a strong platform for future growth." Danaher's President and CEO, Thomas P. Joyce, Jr., added : "Nobel Biocare s broad reach and leadership position make it one of the strongest global brands in the dental industry today. We believe that application of the Danaher Business System will provide Nobel Biocare with a unique opportunity to further accelerate growth, expand margins, strengthen its market presence and develop innovative solutions for dental patients and practitioners around the world." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info).

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