GN 2018 Annual Report: Company Posts 13% Organic Growth and Margin Increase
BALLERUP, DENMARK — GN Store Nord’s 2017 – 2019 strategy continues to pay off for the company. In its 2018 Annual Report, the company has posted organic revenue growth of 13%, based on the strong performance of both the GN Hearing and Audio divisions. With important product launches during the year, GN believes it is…
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GN Releases Interim Report Q3 of 2018: Double Digit Organic Growth, with Audio Division Continuing to Deliver Strong Results
BALLERUP, DENMARK — In the third quarter of 2018, GN Hearing continues to report strong performance in the independent sector, in what the company said is in line with its 2017-2019 strategy, particularly in North America, where the company says it has witnessed double digit organic revenue growth driven by the LiNX 3D hearing aid…
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The GN Group Reports Double Digit Organic Revenue Growth and Margin Increase
BALLERUP, DENMARK – The GN Store Nord released its second quarter (Q2) results for 2018, reporting strong double digit organic revenue grown and margin increase. The results exceeded analyst expectations, particularly for the company’s Audio division, which has been performing particularly well. Some of the highlights of the company’s Interim Report 2018 included: 11% organic…
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GN Audio Loses Antitrust Lawsuit Filed Against Plantronics
WILMINGTON, DELAWARE — On October 18, 2017, a jury in Federal District Court in Delaware ruled in favor of Plantronics in a lawsuit brought by GN Audio (formerly GN Netcom) in 2012 against the company over its business practices. Despite Plantronics having received a $3 million sanction in 2016 over intentionally deleting thousands of emails…
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GN Audio Acquires VXi Corporation for $35 Million
LOWELL, MASSACHUSETTS — GN Group’s headset division, GN Audio (formerly GN Netcom), announced today that it has acquired the VXi Corporation for $35 million USD. VXi is the manufacturer of both the VXi and BlueParrott headset brands. VXi Corporation has shown substantial growth over the past decade, and last year reported annual revenue of $32 million USD. The acquisition of…
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GN-Owned Jabra Aims to Take on Bragi, Samsung; Launches New Hearable
BALLERUP, DENMARK — Headset maker Jabra, a subsidiary company of the GN Group, announced the upcoming release of what it dubs as the “most technologically advanced wireless earbuds” available: the Elite Sport. The new Elite Sport wireless earbuds will come fully equipped with a heart rate monitor, music/stereo streaming, in-ear audio coaching with real time feedback, and…
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