DENTSPLY SIRONA Inc. XRAY recently acquired Byte — a fast growing clear aligner company — in an all-cash deal for $1.04 billion. The buyout will not only enable DENTSPLY to boost scale with respect to its SureSmile clear aligner business but also strengthen its connection with dental professionals.
Notably, the deal was funded by cash on DENTSPLY’s balance sheet and completed on Dec 31, 2020.
It is worth mentioning that Byte has maintained its leadership position in the rapidly-growing direct-to-consumer, doctor-directed clear aligner market. The company’s innovative business model, which has been created on doctor-directed care, offers outstanding outcomes for