Amann Girrbach AG, a Koblach, Austria-based developer, manufacturer and marketer of equipment and consumables for dental reconstruction, has received a private equity investment of undisclosed amount from TA Associates.
As part of this transaction, Alpine Equity, formerly Hypo Equity, will sell its stake in the company. Additionally, current owners of Amann Girrbach will sell a portion of their stake.
Amann Girrbach develops precision systems and consumables for dental laboratories and exports them to over 70 countries. The company has developed significantly in recent years, and is having a major impact on the dental market through the introduction of the “Ceramill Digital” CAD/CAM technology.
Research and manufacturing facilities are located in Koblach, Austria, with sales and distribution based in Pforzheim, Germany.
The company, which opened its U.S. facility in 2005 in Spring Hill, Florida, has approximately 220 employees.
Marco Ratz, who is the new CEO, has succeeded Rudolf Schwarzinger as a member of the board. Oliver Amann and Jutta Girrbach will continue representing the founding families on the board of directors.
Commenting on the investment, Mr. Ratz said: “TA’s investment will provide additional opportunities to break ground in digital dentistry and maximize our potential for continued growth.
“Through research and development, and global expansion, we will be able to maintain our leading role in the dental industry”, he added.
In conjunction woth the transaction, Birker B. Bahnsen, a Vice President at TA Associates will join the company’s board of directors.