York, PA Dentsply to acquire AstraZeneca implant business for $1.8B
CPBJ reports: York-based dental products maker Dentsply International Inc. has signed a definitive agreement to acquire Astra Tech, a Sweden-based provider of dental implant products and other items, for about $1.8 billion in cash, Dentsply said this morning.
Astra Tech is a subsidiary of AstraZeneca and contains the Astra Tech Dental and Astra Tech Healthcare divisions, the latter of which is a leading provider of hydrophilic intermittent catheters, according to a news release.
The deal is subject to antitrust approvals and is expected to close before the end of this year, Dentsply said. The company has committed financing for the deal and plans to acquire Astra Tech with a combination of cash on hand, long-term debt and commercial paper.
Astra Tech recorded worldwide revenue of about $535 million in 2010, according to the release.