ws audiology

WS Audiology Solidifies Long-Term Family Ownership with Share Increase

The Tøpholm and Westermann families (T&W Medical) will acquire an additional 4% of the share capital of WS Audiology from EQT, bringing their shareholding of WS Audiology to 51%, according to a company announcement.
 
The transaction solidifies T&W Medical’s long-term ownership of WS Audiology as agreed between the parties in connection with the merger of Widex and Sivantos in May 2018.
 
The transfer of shares has no effect on the equal governance and voting rights laid out in the shareholders agreement. The running of WS Audiology “will continue unchanged in the spirit of the original merger of equals”. 

“WS Audiology has already become a true global hearing aid leader on the back of the merger of two industry pioneers, and our owners remain committed to supporting the company’s continued development and aspirations to expand access to hearing care globally.”

–Marco Gadola, Chairman of WS Audiology  

The transaction is said to be subject to regulatory approvals in certain jurisdictions.

 

About WS Audiology

Formed in 2019, through the merger of Sivantos and Widex, WS Audiology combines over 140 years’ experience in pioneering the use of technology to help people with hearing loss hear the sounds that make life wonderful. We are active in over 125 markets and employ more than 10,000 people worldwide. Our broad portfolio of leading hearing related products and services generates annual revenues of around €1.7 billion. WS Audiology is privately owned by the Tøpholm and Westermann families, as well as funds under the management of EQT. As a global leader, our ambition is to unlock human potential by making wonderful sound part of everyone’s life.


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