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Sirona Dental Systems

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Sirona Dental Systems Inc.
Company typeSubsidiary
Industrydental equipment
Founded1997
Headquarters
Long Island City, New York
,
United States
Revenue$1.13 billion (As of 2013)[1]
Number of employees
3,216
Websitewww.sirona.com

Sirona Dental Systems Inc. (Sirona) was a global dental equipment manufacturer, and the world's largest dental equipment provider, which used to be part of Siemens.[2] It became an independent company in 1997. The company is headquartered in Long Island City, New York. So far, it has facilities in over 17 countries and serves over 100 countries and districts.[2] In 2011, the company was ranked at 27th in the list of America's Best Small Companies by Forbes.[3] The company built the world's first dental X-ray unit, REKORD.[4] In 2013, the company was awarded the Top Employer Award for Germany, Austria and Engineer in 2013. Its subsidiary in China, Sirona China, was given Top Employer China 2014.[5] In 2014, it won the Good Design Award (Chicago) 2013 for its excellence design of two products.[6]

Background

The company was originated from Erwin Moritz Reiniger, a mechanical engineer at the University of Erlangen. In 1880s, with his technologies, he invited two business partners to set up a company producing electric-powered dental drill. The company built the world’s first dental X-ray unit in 1905 and was acquired by Siemens & Halske in 1925. After that, the company has been engaged in developing and manufacturing a variety of dental equipment.

In 1997, Sirona became an independent company when Siemens sold its dental subsidy to Schroder Ventures, and acquired several industrial companies to enlarge its business in subsequent years. In 2003, the Swedish private equity firm EQT Partners acquired Sirona,[7] only to sell this company to Madison Dearborn Partners two years later.[8] Under their ownership, Sirona merged with Schick Technologies Inc., an American producer of X-ray devices, through a reverse takeover,[9] resulting in a NASDAQ listing for Sirona in 2006.[4] On 15 September 2015, Dentsply agreed to acquire Sirona Dental Systems Inc. for $5.5 billion in stock, renaming itself to Dentsply Sirona in the process.[10]

Sirona operates its business through four segments including Dental CAD/CAM Systems, Imaging Systems, Treatment Centers and Instruments. Dental CAD/CAM is engaged in developing and providing material and equipment for dental restoration. Imaging Systems offers 2D and 3D imaging systems for dental diagnostics. Treatment Centers designs and produces dental basic infrastructure for medical centers. Additionally, Instruments segment manufactures a variety of dental treatment instrument.[11] Its customer base consists of dental practices, clinics and laboratories and the company distributes its products through over 450 facilities in the world.[12]

References

  1. ^ "SIRO Key Statistics | Sirona Dental Systems Inc. Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-09.
  2. ^ a b "Sirona Dental Systems, Inc. Zhilian Introduction". Company.zhaopin.com. Retrieved 2014-03-09.
  3. ^ "Sirona Dental Systems - Forbes". Forbes. 2011-11. Retrieved 2014-03-09. {{cite web}}: Check date values in: |date= (help)
  4. ^ a b "Sirona Dental Systems – Official Website". Sirona.com. Retrieved 2014-03-09.
  5. ^ "Sirona Group receives another Top Employer Award". Article.wn.com. 2014-02-13. Retrieved 2014-03-09.
  6. ^ "Sirona Dental Systems, Inc. : Good Design Award 2013". 4-traders.com. 2014-02-17. Retrieved 2014-03-09.
  7. ^ "EQT acquires the dental market leader Sirona from the Permira Fund". EQT Partners. 2005-05-02. Retrieved 2016-03-08.
  8. ^ "EQT Sells Sirona to Madison Dearborn Partners, LLC". Globalnewswire. 2005-09-26. Retrieved 2016-03-08.
  9. ^ "Sirona to take over Schick Tech in $928 mln deal". dentalblogs.com. 2005-09-26. Retrieved 2016-03-08.
  10. ^ "Dentsply to Acquire Sirona for $5.5 Billion in Dental Deal". Bloomberg L.P. 2015-09-16. Retrieved 2016-03-08.
  11. ^ "Sirona Dental Systems, Inc. Reuters.com". Reuters. Retrieved 2014-03-09.
  12. ^ "Sirona Dental Systems, Inc. stock price Yahoo Finance". Yahoo! Finance. Retrieved 2014-03-09.
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