sivantos widex hearing aid merger

Big Six to Become the Big Five? Sivantos and Widex Announce Merger

In a deal, estimated to be $8.2 billion, Germany’s Sivantos and Denmark’s Widex announced a merger. The newly merged company is expected to be the third largest hearing aid manufacturer in the world, after Sonova and William Demant. Early reports suggest that Swedish private equity firm EQT will own a majority of the merged group…

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Industry Pioneer, Andy Rihs Dies at 75

Andy Rihs, one of the founders of Phonak, died of complications from leukemia on April 18. He was 75 years old. Known for his tremendous foresight, creative spirit, and entrepreneurial passion, Rihs, along with Beda Diethelm and his brother “Jöggi” Rihs, joined AG für Elektroakustik. The three of them developed and shaped the company into…

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oticon focus on people awards

Oticon Opens Nominations for 20th Annual Focus on People Awards

SOMERSET, NEW JERSEY — Oticon Inc, announced this week a call for nominations for the 2018 Focus on People Awards. The awards, now in their 20th year, honor students, adults, and hearing loss advocates that demonstrate that “hearing loss doesn’t hinder one’s ability to make a difference in the world”.   “Over the past 20…

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amplifon hearing aid retail acquisition

Amplifon Eyes Hearing Aid Retail Acquisition Targets Across Europe, Canada; Poised to Enter Chinese Market by Year’s End

MILAN, ITALY — One of the world’s largest hearing aid retailers, Amplifon SpA, is reported to be targeting potential retail acquisitions in Germany, France and Canada and announced plans to enter the Chinese market by the end of 2018. The company, which says it holds approximately 10 percent of the global market, has been focused…

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bill austin judge perjury allegation

Untruthful on the Stand? Some of Austin’s Testimony Struck from Record in Starkey Trial

MINNEAPOLIS, MINNESOTA — The $20 million embezzlement trial involving former Starkey executives took yet another twist this week when U.S. District Court Judge John Tunheim ruled Tuesday that Starkey Laboratories owner Bill Austin perjured himself at least once in his testimony earlier in the trial. The testimony in question, regarding the perjury allegations against Austin,…

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bill austin testifies starkey trial

Starkey Owner Takes the Stand

MINNEAPOLIS, MINNESOTA — The trial of former Starkey president Jerry Ruzicka and three others accused of stealing more than $20 million from Starkey through the illegal transfer of restricted stock resumed during the week of February 5th after a one week Super Bowl break. The resumption of the trial was highlighted by the testimony of…

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starkey iq rechargable hearing aids

Starkey Launches New Muse iQ Rechargeable Hearing Aids

MINNEAPOLIS, MINNESOTA — Starkey Hearing Technologies announced the release of their new Muse iQ Rechargeable, which the company says is the “smartest, smallest rechargeable hearing aid on the market”. The new devices were announced at the 2018 Hearing Innovation Expo in Las Vegas, but are now available for purchase. The Muse iQ Rechargeable 900sync technology-enabled…

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gn falcom hearing protection

GN Announces Development of New Communication Device for Soldiers in Combat

COPENHAGEN, DENMARK — Hearing aid maker, GN Store Nord, announced today that it has developed a new hearing protection device that allows soldiers to communicate on the battlefield, while also protecting their hearing. GN says that it will begin participating in military tenders in the US and with other NATO-countries this year, but says the…

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ruzicka fired starkey hearing aid

Trial Begins This Week for Former Starkey Executives

In Minneapolis, jury selection is scheduled to begin today for two former executives of Starkey Hearing Technologies on charges of fraud and embezzlement. As HHTM readers will recall Starkey’s longtime former president Jerry Ruzicka, chief financial officer Scott Nelson and vice president of human resources Larry Miller were all fired in September 2015 by Starkey’s…

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