sonova sells audionova amplifon

Sonova to Sell Portugal’s MiniSom Retail Business to Amplifon; In Negotiations Over Sale of AudioNova France

STAEFA, SWITZERLAND — Sonova Holding AG announced yesterday that it has signed an agreement to sell its MiniSom retail hearing care business in Portugal to Amplifon S.p.A. According to the company’s news release, the move is a reflection of the Sonova Group’s strategy to focus on selected key markets. The completion of the sale will…

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Sonova Acquires European AudioNova in Largest Ever Hearing Aid Retail Deal

Sonova announced on May 4 the acquisition of European behemoth, AudioNova, for € 830 million ($954 million). It is reported to be the largest transaction ever in the hearing aid retail market and makes Sonova-owned retail approximately the same size as retail leader, Amplifon.  Following this acquisition, Sonova will have over 3,300 stores worldwide with…

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