sivantos widex hearing aid merger

Widex-Sivantos Merger Delayed: Companies Withdraw EU Application

COPENHAGEN, DENMARK — According to a Reuters report on November 6, and also reported in other media outlets, the “Big 6” hearing aid makers Widex and Sivantos have withdrawn their application for the European Commission to approve their planned $8.2 billion merger. Despite withdrawing their application, the companies state that they are committed to completing…

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signia styletto starkey livio

Signia and Starkey Launch Innovative New Products

On August 27, Starkey, a Minnesota-based hearing aid manufacturer, announced the launch of Livio AI. It is a receiver-in-the-canal (RIC) hearing aid that uses artificial intelligence to translate 27 foreign languages in real time. The new product, which Starkey is calling a wearable, also tracks both your physical and mental health. Livio AI is touted…

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sivantos widex hearing aid merger

Big Six to Become the Big Five? Sivantos and Widex Announce Merger

In a deal, estimated to be $8.2 billion, Germany’s Sivantos and Denmark’s Widex announced a merger. The newly merged company is expected to be the third largest hearing aid manufacturer in the world, after Sonova and William Demant. Early reports suggest that Swedish private equity firm EQT will own a majority of the merged group…

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sivantos truhearing hearing aid provider

Sivantos USA Acquires TruHearing

In what is categorized as a partnership, a press release issued by Sivantos USA, announced it plans to acquire TruHearing, a third-party hearing aid contractor. The press release was issued on April 5. The transaction is subject to standard regulatory approvals and financial details will remain confidential. According to the press release “Sivantos’ partnership with…

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Following Phonak Announcement, Signia Launches Own Lithium-Ion Rechargeable

PISCATAWAY, NEW JERSEY —  Signia announced last week that their new product, Cellion primax, will use lithium-ion rechargeable technology. According to a recent Signia press release the key feature of the Cellion primax technology is up to two days of regular use with nearly unlimited streaming capabilities on a single charge. The recharging capability will…

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audionova for sale

European Retail Chain Hoping to Fetch €500 Million

ROTTERDAM — AudioNova, one of the largest hearing aid retailers in Europe, is on the auction block, according to recent reports. AudioNova, owned by the investment company HAL Trust, has more than 1300 hearing aid retail stores across 12 countries in Europe, including Germany and France. Amplifon, William Demant, Sonova and Sivantos are reported to be…

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siemens signia hearing aids

Sivantos Unveils New Hearing Aid Brand: Signia

PISCATAWAY, NEW JERSEY — One year after the transfer of Siemens hearing aids to the Sivantos group, it was announced late last week that the group would be introducing a new brand to the marketplace. During their recent Aspire customer loyalty meeting, which brought more than 300 hearing care providers to Nashville for a three…

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https://www.internetretailer.com/2010/05/18/e-retail-puts-together-back-back-double-digit-growth-quarters

Sivantos Experiences Double-digit Growth

Sivantos reported their 2015 financial numbers for fiscal year (FY) 2015 earlier this week and the report highlights 10% organic growth for FY 2015 that ended September 30th. According to a recent European analysist report for the hearing aid industry Sivantos and ReSound have been the fastest growing manufacturers in the  hearing aid industry for…

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cvs hearing aid

Update: CVS, Second Largest US Pharmacy Chain, to Open Hearing Centers

WOONSOCKET, RHODE ISLAND — In an October 5th press release CVS announced it will be opening Hearing Centers at seven CVS/pharmacy locations in the Dallas and Cleveland areas. According to another statement, the CVS Hearing Centers will be open Tuesdays to Saturdays and be staffed by licensed audiologists and hearing instrument specialists. In addition the…

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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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