Q&M Dental fuels China growth dreams with back-to-back acquisition deals
Dental clinics aren’t its only target.
Q&M Dental has acquired a majority stake in Shenyang Lan Hai, a company that distributes dental equipment and materials in Shenyang, China.
According to Maybank Kim Eng, this move will allow Q&M to expand vertically in China and capture greater value in the Mainland’s dental industry.
Q&M first ventured into the distribution business in Singapore in 2010 with its acquisition of Dentmedix. It further acquired Quantumleap in 2011 and Malaysia-based AR Dental in 2013.
“Q&M should benefit from cross-selling opportunities, in our view. We understand that its Singapore and Malaysia distributors have strong expertise in European products; they are now complemented by Shenyang Lan Hai’s capability in China. The acquisition should add to earnings,” Maybank Kim Eng said.