Straumann acquires ClearCorrect for $150M

Straumann Group has acquired clear aligner manufacturer ClearCorrect.

The acquisition price was approximately $150 million, and the deal is expected to be finalized before the end of 2017, according to ClearCorrect. ClearCorrect will maintain its name and corporate leadership.

Straumann is the parent company of Neodent and other brands. This acquisition gives the company access to the orthodontics market.