Sonova CEO, Lukas Braunschweiler, to Retire; Company Taps Arnd Kaldowski as Successor

STAEFA, SWITZERLAND — Sonova Holding AG, one of the world’s largest hearing aid manufacturers, announced the retirement of CEO Lukas Braunschweiler this week, after serving in the CEO position since 2011. Braunschweiler’s successor, Arnd Kaldowski, will initially join the company as COO on October 1st, before fully transitioning into the CEO role on April 1,…

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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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Sonova to buy Hansaton, and two hearing aid retailers; also plans cost-cutting steps

      STÄFA, SWITZERLAND—Sonova Holding AG, the world’s largest hearing aid manufacturer, announced today (March 2) that it will acquire three German hearing aid companies: Hansaton Akustik GmBH, which is a family-run hearing aid wholesaler, and two retail chains, Vitakustik GmbH and Fiebing Hörtechnik GmbH. The purchase prices were not disclosed.     Sonova,…

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Study suggests that improved hearing enhances quality of life in cases of moderate dementia

Editor’s note:  This post was updated February 9, 2015, to reflect a revised news release issued by Unitron on February 5, replacing its original release of January 29. PLYMOUTH, MN—For several years, scientists have been aware of evidence that seniors with hearing loss are significantly more likely to develop dementia over time than those who retain…

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Geigel named president of Widex USA, as Schutt joins company launching new “audio solution”

HAUPPAUGE, NY—Jeffrey Geigel has been appointed president of Widex USA, Inc., succeeding Rodney Schutt, who resigned on August 25 to become senior vice-president at Turtle Beach Corporation, a San Diego-based developer of audio products. Geigel, a hearing industry veteran, took over the helm at Widex USA, a subsidiary of the Danish-based Widex A/S, on August…

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VA awards contracts to all “Big Six” hearing aid manufacturers

By David H. Kirkwood  DENVER–The Department of Veterans Affairs (VA), which is far and away America’s largest purchaser of hearing aids, has awarded contracts, effective November 1, to buy products from the U.S. divisions of all six of the world’s largest hearing aid manufacturers. Although the contracts with GN ReSound, Oticon Inc., Phonak LLC, Siemens Hearing Instruments,…

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Sonova to add Comfort Audio to its group

STÄFA, SWITZERLAND–Sonova Holding AG announced today (June 16) that it had reached an agreement to purchase 100% of Comfort Audio, a Swedish maker and distributor of assistive listening technology. The transaction, which will require approval by regulatory agencies, is a further step in the diversification of Sonova, parent company of Phonak and the world’s largest…

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Judith Gravel Scholarship is awarded to a promising future audiologist

TUCSON, AZ–Johnna Tanji, a fourth-year AuD student at the University of Arizona in Tucson, has been awarded the annual Judith Gravel Fellowship in Pediatric Audiology. The fellowship honors the memory of the late Judy Gravel, PhD, a prominent and beloved audiologist who did much to advance the audiologic care of children in the United States…

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Top Sonova execs resign after investigation

STAFA, SWITZERLAND—The hearing aid industry was rocked by the unexpected resignations of the three top executives of the Sonova Group, the world’s largest manufacturer of hearing aids. Sonova, parent company of Phonak, Unitron, and Lyric, announced on March 30 that Valentin Chapero, the CEO, and Oliver Walker, the CEO, had tendered their resignations, and that…

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