...A. Highlights: On 01/04/21, Co. announced that it has acquired Byte, a leading direct-to-consumer, doctor-directed clear aligner co. 1. 2. Co.'s strategy has been based on taking advantage of unique global breadth and depth of XRAY to create more meaningful solutions for dental professionals. To achieve this vision, focused on three core priorities over last two years. a. i. Growth. ii. Improving margins. iii. Simplifying organization. 3. By acquiring Byte, Co. is taking important step to enhance continued growth of XRAY. It directly supports Co.'s focus on innovation. a. 4. R&D engine is strong. Improvements around SureSmile, launch of Primescan and Primemill, Surefil one and Axeos are few recent launches. a. b. Believes Co. can be opportunistic in tapping into external innovation, and Byte is a great example. 5. Combination is compelling strategically and financially, and will create real value for shareholders. 6. Believes clear aligner market has become one of the most important categories...
