In a July 28 conference call with analysts and reporters to discuss Dentsply International's latest earnings release, Bret Wise, Dentsply's chairman and CEO, confirmed what had been rumored for several weeks: The company has acquired AMD Lasers.
"In addition to Astra Tech, I would note that we've completed three other transactions this year, two in Europe and one in the U.S.," Wise stated. "Generally speaking, these are smaller companies; however, we are excited about a technology company that we acquired here in the U.S. called AMD Lasers."
Dentsply's deal with AMD was finalized in the second quarter and gives Dentsply access to a product category the company had not previously participated in, Wise noted.
"This is a small company that's one of the leaders in ... the smaller desktop lasers that are used in many operatories for convenience," he said. "It fits very well with some of the other parts of our portfolio where we have small equipment."
AMD Lasers was founded in 2008 by Alan Miller, president and CEO, and has rapidly become the world leader in providing affordable laser technology to dentists, according to the company.
AMD launched its first soft-tissue laser, the Picasso, in 2009, followed by the Picasso Lite. Both products sell for less than $2,500.
