The acquisition will allow Dentsply Sirona to further expand its presence in the clear aligner market
Dental products and technologies provider Dentsply Sirona has purchased all the assets of orthodontic solutions provider Propel Orthodontics in an all-cash deal for $131m.
Propel Orthodontics is engaged in the manufacturing and marketing of in-office and at-home orthodontic solutions to dentists and their patients.
The acquired assets consist of VPro vibratory orthodontic device and the Fastrack Mobile App.
Propel’s at-home high frequency vibration (HFV) product line includes VPro5, VPro+ and VPro, which are suitable for both active treatment and retention at five minutes per day.
VPro device helps to properly seat aligners in five minutes. Featuring patented high-frequency vibrational technology, the device will help increase patient comfort and minimise overall treatment time when used as part of an orthodontic treatment plan.
The acquisition of Propel Orthodontics will allow Dentsply Sirona to further expand its presence in the clear aligner market, as well as complement the Byte and SureSmile businesses.
Dentsply also stated that it will continue to improve the VPro Fastrack App, which enables patients and providers to remotely monitor the orthodontic treatment plan.
Dentsply Sirona CEO Don Casey said: “With the acquisition of the assets of Propel Orthodontics, Dentsply Sirona takes another step to position the company as a leading innovator in the fast-growing clear aligner market.
“It is the perfect match to Byte, and our SureSmile business, and is also a strong strategic fit with Dentsply Sirona.
“The acquisition supports innovation in the orthodontics space of Dentsply Sirona as well as the capacity to further invest in the future product development in this area.”
In January this year, Dentsply Sirona acquired US-based dental aligner maker Byte in an all-cash deal for $1.04bn.