Medtronic and Sivantos both announce acquisitions of hearing care companies

  ERLANGEN, GERMANY/DUBLIN–Last week was a busy one in the hearing industry’s merger and acquisition front. On March 26, the Sivantos Group (formerly Siemens Audiology Solutions) announced that it would take over all shares in audibene, as part of a strategic partnership and investment agreement with Europe’s largest Internet portal for hearing care case management.The…

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William Demant and ReSound reach agreements with major hearing aid retailers

    By David H. Kirkwood COPENHAGEN–Two of the hearing aid industry’s Big Six companies–William Demant, parent company of Oticon, and GN ReSound—are taking steps to strengthen their retail distribution channels. Demant announced yesterday (February 17) that it is negotiating to buy a majority interest in Audika Groupe, the largest network of hearing aid centers…

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Sale of Siemens Hearing is a done deal; company is rebranded as Sivantos

ERLANGEN, GERMANY–The sale of Siemens Audiology Solutions to private investors, agreed to on November 6, passed through regulatory scrutiny without a hitch and was finalized on January 15. The purchasers, EQT and the Strüngmann family, paid €2.15 billion (approximately $2.5 billion at the time of closing) to Siemens AG for its hearing aid division, making…

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Siemens to sell hearing aid division; $2.67 billion deal is industry’s biggest ever

This updated version of the post published on November 7 includes additional comments about the sale of Siemens from an informed source whom I interviewed this week. My informant asked not to be named because he was not authorized by his company to speak for publication.  David H. Kirkwood, Editor, Hearing News Watch   MUNICH,…

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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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