• The integration will see the company offering its products and services in Spain, France, the Netherlands, Belgium, Sweden, Norway, Denmark and Portugal through 63 laboratories and more than 1,500 employees.
• Corus will continue to have the support of its current private equity investors Careventures and Quadrum Capital for future growth.
Corus, the leading digital dental laboratory group in Europe, has acquired Nordentic, to further consolidate its footprint in the European market of dental prosthesis and orthodontics.
Nordentic generates €40 million revenue distributed among 13 laboratories delivering high quality innovative products and services in Sweden, Norway and Denmark. The company, headquartered in Mälmo, will help Corus continue its mission of leading the European digitalisation of the sector while maintaining a highly localised and personalised service through each individual lab within the network. Johnny Tekin, will become a key executive within Corus, keeping his responsibilities within the Scandinavian region. Also, following the integration model of Corus, the management and lab directors of Nordentic will become shareholders of Corus while Adelis (private equity investor supporting Nordentic until today) is stepping out.
This is a first step for Corus within the Nordics with further expansion planned both in Scandinavia and further afield. As part of its strategy, the group seeks to integrate reputed local entrepreneurs who then become shareholders, maintaining the highest level of service locally to their existing clients. Corus works as a fully integrated digital platform where dentists can interact with the laboratory and the patient whilst ensuring the traceability of the prescription, efficient and high quality products and services to meet the patient expectations. The Corus network offers a global solution to dentists based on an innovative and differentiated portfolio of protocols of work, products, services, training and education while maintaining a local and personal environment, thus ensuring a better patient dental care and experience.
With 63 laboratories and over 1,500 employees the group will serve more than 12,000 dental practices spread across Spain, France, Netherlands, Belgium, Sweden, Norway, Denmark, and Portugal. Following the integration of Nordentic, the company plans to grow its revenue to a total of circa €180 million by the end of 2022 by combining organic growth and the consolidation of more laboratories, both in current and new regions. Current private equity investors Careventures and Quadrum Capital have committed to continue their support to the company’s plans of future growth.
Nicolas Bonnard, Co-CEO at Corus, said: “We share the vision and values with Nordentic and we are excited to add their knowledge to ours. By working together, we will be able to enhance our skills and consolidate our position as the leaders in the advanced digital dentistry within Europe, while delivering a highly localised and personalised service to all our clients and, ultimately, the patients. We continue to work towards further expansion in Europe creating an unrivalled network that works towards the digital progress of the sector.”
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