Straumann completes acquisition of Japanese distributor

• Straumann takes over distribution in largest Asian market, gaining direct access to customers through own subsidiary
  
• Staff, networks and sales force are retained, ensuring seamless continuity of the business and service to customers

Basel, 3 July 2007: Straumann, a global leader in implant, restorative and regenerative dentistry today announced that it had completed the acquisition of Daishin Implant System (DIS), the exclusive distributor of Straumann implant products and services in Japan, for a purchase price of CHF 75 million in cash and an additional performance-based consideration of up to CHF 10 million, to be paid on or before 1 February 2014.

The acquisition provides Straumann with its own fully-fledged local subsidiary to serve the Japanese dental market directly. DIS is a privately-held company that enjoys a leading position as a distributor of products and services for implant dentistry in Japan. With Straumann as its exclusive partner in implant dentistry since 1984, Daishin has successfully built up a multibillion-yen business driven primarily by Straumann products. Headquartered in Osaka, DIS currently employs a staff of approximately 80 employees.

With effect of 2 July, Straumann will fully integrate DIS and book total sales and profits generated in Japan. As a result of the acquisition, Straumann will take over all assets of DIS, including workforce and customer network.

Gilbert Achermann, President and CEO of Straumann, commented: “Daishin is an established company that has developed impressively over the past two decades thanks to the entrepreneurship of Isao Nakajima, his family, and team. It is a privilege for us to build on the foundation they have laid. Although Japan is currently the biggest single market for Straumann in Asia, the penetration level offers further expansion opportunities - which we fully intend to capture through adding resources, invigorating growth, and simply doing more for customers and their patients”.

Today, Straumann is present in more than 60 countries worldwide, and, with the inclusion of Japan, now generates approximately 95% of its total revenues directly, with the remainder coming from distributors. Negotiations regarding the takeover of distribution in Korea from Straumann’s largest remaining distributor are at an advanced stage.