Romanian dental health distributor Dentotal acquires Dentatechnica, its Bulgarian counterpart
BUCHAREST (Romania), Aug 23 (SeeNews) – Romanian dental health products distributor Dentortal, backed by central European private equity investor Abris Capital Partners, has signed a binding agreement to acquire its Bulgarian counterpart Dentatechnica, Shelters announced Monday.
The deal is conditional on obtaining clearance from the relevant antitrust authorities, Abris Capital said in a press release. The price of the transaction was not disclosed.
“This transaction marks our entry into the Bulgarian market – a market that we have been analyzing for some time. This acquisition is an excellent starting point for our buying and building strategy in the dental distribution sector and a clear example of our plan to create the regional market champion in this space ”, said Adrian Stanculescu, partner and responsible for Abris Capital Partners for Romania.
Following this international merger, Abris intends to continue to make Dentotal a regional leader through organic growth and the continued consolidation of local markets in Romania and Bulgaria.
“The Dentotal team looks forward to working with our new colleagues as we aim for the leading position in the Bulgarian dental distribution market. Together, we will benefit from inter-company synergies to become the preferred partner of dentists and dental technicians, both in the Romanian and Bulgarian markets ”, said CEO of Dentotal, Dumitru Matei.
Abris plans to drive the company’s transformation into a sustainable and scalable platform, creating a one-stop-shop for dental clinics and laboratories in the region.
As the dental care market has been affected by the pandemic, with the closing of dental clinics during the lockdown period in 2020, Dentotal has grown into a stronger company by focusing on building its internal organization, upgrading of its IT systems and investment in modern logistics and sales functions. Abris added.
Founded in 2007, Abris Capital Partners is an independent private equity fund manager focused on mid-market opportunities in the main Central European countries. Abris acquired Dentotal in 2019 from a family of Romanian entrepreneurs.
Dentotal was founded in 1994 and has over 12,000 clients – dental clinics and laboratories across the country.
Founded in 1991, Dentatechnica is the largest dental distributor in Bulgaria with a comprehensive portfolio of dental equipment and consumables and national coverage. The company delivers products to more than 3,000 dental clinics and laboratories across the country.