Dentsply International Inc. agreed to acquire Sirona Dental Systems Inc. for $5.5 billion in stock, creating a giant in dental supplies and equipment.

The transaction forms a company with annual net sales of about $3.8 billion and earnings of more than $900 million, excluding interest, tax, depreciation and amortization, according to a statement Tuesday. Sirona investors will get 1.8142 shares of Dentsply for each share they own.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.