ClearCorrectStraumann Group, Basel, Switzerland, has acquired ClearCorrect LLC, Round Rock, Tex, for approximately $150 million.

Straumann Group specializes in tooth replacement and aesthetic products.

A privately held company, in operation for over 10 years, ClearCorrect, a clear aligner manufacturer, services doctors in North America, Europe, Israel, Australia, and New Zealand.

According to a press release, this investment will help ClearCorrect improve its products and expand to offer its Flex and Unlimited treatment options to more providers around the world.

The acquisition brings Straumann into the orthodontic market.

“ClearCorrect provides us with technology, expertise, and a strong footing in this field,” says Straumann Group CEO Marco Gadola. “In return, we offer a global distribution and marketing network, in addition to brand leverage. With some big changes expected in the clear aligner industry, our union with ClearCorrect has come together at exactly the right time. I am delighted that ClearCorrect’s entrepreneurial leadership team will stay with the company and partner with us in supporting customer and patient needs and in growing the business.”

ClearCorrect will continue to design and manufacture clear aligners in Round Rock, Tex, under the ClearCorrect brand name. ClearCorrect anticipates no disruptions to providers with regard to its products or service.

The partnership between ClearCorrect and Straumann will be finalized in the next month.