Publications
Publications
- June 1999 (Revised March 2004)
- HBS Case Collection
Sirona
By: Walter Kuemmerle and Chad S Ellis
Abstract
Sirona, the dental systems business of Siemans AG is being sold through an auction. In September 1997, buyout firm Schroder Ventures has to decide whether to make a binding offer for the business. Schroder has done extensive due diligence with support from a team of consultants. There seems to be some unrealized growth potential as well as room for cost reduction at Sirona. But there is also considerable uncertainty around cost reduction and growth scenarios. Furthermore, there seem to be problems at Sirona subsidiaries abroad. Finally, the financing will depend on the feasibility of a high-yield offering, a first of its kind in Germany.
Keywords
Citation
Kuemmerle, Walter, and Chad S Ellis. "Sirona." Harvard Business School Case 899-076, June 1999. (Revised March 2004.)