Corus absorbs its Nordic competitor Nordentic and adds 40 million to its turnover
The dental prosthesis company thus begins to operate in Sweden, Norway and Denmark, adding a total of 63 laboratories throughout Europe
After the operation, the firm improves its growth forecast this year to 180 million euros in revenue, almost 150% more than last year
Second great leap forward Corus in less than six months. The network of laboratories for the design and manufacture of dental prostheses and orthodontics based in Sant Cugat del Valles (Barcelona) has just agreed to purchase Nordentica company that operates in the same sector but in Sweden, Norway Y Denmark. A) Yes, after taking over the Dutch company Signadens in March and open market in Netherlands Y BelgiumCorus now assaults the scandinavian region. It does so by absorbing 13 laboratories that will retain, yes, the brand of the company based in malmo (Sweden). In any case, with the Corus operation, it adds to its turnover the 40 million euros that all of them enter in total.
The firm will jointly manage a network of 63 laboratories and more than 1,500 workers. Thus, if the company began the year aspiring to invoice 100 million euros in 2022, with these two operations the forecast is already around 180 million. This would mean a long doubling (+146%) of the volume of business with which the year began, 73 million euros. In addition, the company’s plan is to integrate into its network new laboratoriesboth in the cities where it already operates, and in the markets where it has just landed.
On the other hand, this purchase operation -of which the amount has not transcended-, converts the CEO of Nordentic, Johnny Tekin, in Corus executive. In this line, following the usual ‘modus operandi’ in the Catalan company, this will incorporate the managers and directors of the laboratories as shareholders. Funds careventures Y Quadrum Capital will continue as capital partners (and willing, they say from the company, to continue feeding Corus’s growth plans), but the manager Adeliswho performed this same role at Nordentic, withdraws from the project.
“Working together, we will be able to improve our skills and consolidate our position as leaders in the advanced digital dentistry in Europewhile offering a highly localized and personalized service to all our clients [las clínicas dentales] and, ultimately, to the patients”, affirms the co-CEO of Corus, Nicholas Bonnard. “Being at the forefront of innovation, the Nordic region is a key market for us, which adds to the experience and leading knowledge that we have integrated from all the European markets in which we are present so far & rdquor ;, completes the also co-CEO of the company, Jeroen Van Asten.
Both are clear that the priority objective is to continue with their expansion across Europe.
“The values and vision that we share have made this integration possible: the synergy in all fields makes this journey so interesting and creates possibilities not only for technicians but also for all our clients and their patients”, he concludes, for his side, Johnny Takin, until now CEO of Nordentic.