Glidewell Dental acquires our portfolio business ORB Innovations
We are delighted to announce that Glidewell Dental, one of the largest dental companies in the world, has acquired our portfolio business, ORB Innovations!
ORB Innovations, a U.K. start-up that has developed a unique technology platform to measure physiological parameters such as heart rate, as well as biomechanics such as head impacts, has agreed to be acquired by California-based Glidewell, a global leader in custom dental solutions.
Kristina Pereckaite, MD at South East Angels said: “Our group has been really impressed with the ORB team and what they have been building. This acquisition marks an exciting time for the technology as it will expand it’s reach beyond the UK. As our first portfolio company exit, this is an incredible result for South East Angels and our investors.”
The ORB technology platform is effectively the world's only fitness tracker wearable in the mouth. In some sports, it is also the only wearable that can be worn during competitive activities.
Glidewell has a formidable record of technological innovation since its founding in 1970, but this acquisition marks the first investment in smart dental products in its expansive portfolio.
Robert Paterson, Founder of ORB Innovation says "We are thrilled to join the Glidewell family. As one of the largest dental companies in the world, with a 50-year track record of pioneering new technology, we feel we have found a natural home. The acquisition will allow us to accelerate the launch of our unique platform in the U.S. and to increase the pace of our research and development in other areas. Together, ORB Innovations and Glidewell will bring to market a whole range of smart oral products that will provide flexible new options for health-conscious consumers."
Glidewell CEO Stephenie Goddard said, "We see the platform the ORB team has developed as an exciting evolution for the sports market. And it's easy to envision application in other wellness-related areas, in line with Glidewell's mission to bring innovative solutions to dental practitioners and their patients all over the world.
