Align Technology Acquires a Computer-Aided Dentistry Expert

Align Technology (NASDAQ: ALGN) is buying a private company based in Germany called exocad Global Holdings for approximately 376 million euros ($419 million). exocad sells dentistry-related software for computer-aided design/computer-aided manufacturing (CAD/CAM) in over 150 countries, where it has sold more than 35,000 licenses to its software.

Dentists use CAD/CAM software to help create a wide array of dental products, from crowns and bridges to Align Technology's bread and butter: orthodonics.

Align's CEO Joe Hogan said in a statement announcing the deal that dentistry is "evolving digitally, with technology advances and consumer awareness driving new opportunities in ortho-restorative and comprehensive treatment."

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Source Fool.com