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June 3, 2014
07:03 EDTSIRO, HSICHenry Schein acquires Sirona Direct Distribution in Paris
Henry Schein (HSIC) announced that it has acquired Sirona Direct, the France dental distribution business of Sirona Dental (SIRO). With sales of approximately $14M, Sirona Direct is the exclusive distributor of dental equipment for Sirona Dental Systems in Paris and Normandy. In addition to its acquisition of Sirona Direct, Henry Schein has entered into an exclusive distribution agreement with Sirona Dental Systems for the promotion and distribution of Sirona's full line of dental equipment, including the CEREC CAD/CAM system, to practitioners in most of France, including the Paris region. Financial terms of the transactions were not disclosed. Henry Schein expects the transactions to be neutral to its earnings per share for the balance of 2014.
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