Dentsply Sirona acquires Byte clear aligner company for $1.4B

Charlotte, N.C.-based Dentsply Sirona has acquired Los Angeles-based Byte, a growing clear aligner company.

Four things to know:

1. The transaction closed Dec. 31 in an all-cash deal for $1.04 billion.

2. Byte uses a direct-to-consumer, doctor-directed model. The company was founded on the commitment to improve access to and affordability of orthodontic care.

3. Neeraj Gunsagar, president and CEO of Byte, along with the rest of Byte's existing management team, will continue to operate the business.

4. "As we bring the two businesses together, we are confident that we can unlock incremental growth and further capitalize on the increasing consumer demand for clear aligner solutions," said Jorge Gomez, CFO of Dentsply Sirona.

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