12 January 2021

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Dentsply Sirona acquires Byte for $ 1.04 billion

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Dentsply Sirona (www.dentsplysirona.com) announced the acquisition of Byte (www.byteme.com), a fast-growing company specialized in the clear aligner market; with the acquisition, Dentsply Sirona strengthens its market position and relationship with the dental industry and would be able to grow its current product and service SureSmie. With an innovative and robust business model, Byte directly targets the dentist to provide better solutions to the final patients, primarily affected by orthodontics issues. Neeraj Gunsagar, the current CEO of Byte, will maintain its role and said," We've been impressed with the passion that Dentsply Sirona has for innovation in dentistry.  This combination provides Byte with unmatched resources and R&D capabilities that allow us to reach additional customers and accelerate our mission of changing the world one smile at a time. The transaction enhances our ability to offer affordable care to patients and increases awareness of the overall benefits of oral care. Our team is committed to driving our strong growth, and we are delighted to join the Dentsply Sirona family as we execute on our shared mission.".

The operation was vigorously chased by Dentsply Sirona's CEO, Don Casey that release a quick comment, "Over the past two years, we have executed against our restructuring plan, strengthening the R&D, supply chain and commercial platforms, positioning Dentsply Sirona for long-term growth. We are excited to take the next step in our evolution by bringing Byte into our organization. We have been pleased with the growth of our SureSmile clear aligner business, and we are confident that adding the innovative platform of Byte adds scale for us in the important clear aligner market. We look forward to working with the talented team at Byte as we utilize our collective strengths to expand patient access to quality care and support the success of our dental partners around the world.".

Contact Information:

John P. Sweeney

VP, Investor Relations

+1-717-849-7863

John.Sweeney@dentsplysirona.com

Source from: www.dentsplysirona.com