XO Care, the Denmark-based dental unit manufacturer, has been acquired by Nordic investment company, Impilo, following the decision of Kim Sørensen, majority owner and CEO, to retire. Sørensen will remain with the company in an advisory capacity.
XO Care, founded in 1951, has a reputation for innovation, ergonomics and high-quality dental equipment and instruments. It operates through a network of 88 trained XO Certified Partners responsible for sales, installation and servicing of units across 28 countries, with a primary focus in Europe.
“I am happy to pass the ownership to Impilo as the new owner because I am confident, they will continue this journey,” said Sørensen.
Following the change in ownership, Mark Hvidberg da Silva moves from deputy CEO to CEO.
“We look forward to the journey ahead with our team, customers and partners and Impilo”, said Hvidberg da Silva.
Terms of the transaction were not disclosed.
Moalem Weitmeyer (Sebastian Christmas Poulsen, Morten Risby Hansen, Carl Christian Harmsen Lorentsen, Mikkel Søgaard and Gurjot Singh) advised the shareholder of XO Care on their divestment.
Press release: Today, we are announcing that ownership of XO CARE has passed to Impilo, a Nordic healthcare focused investment company. – XO CARE
