WS Audiology Solidifies Long-Term Family Ownership with Share Increase
The Tøpholm and Westermann families (T&W Medical) will acquire an additional 4% of the share capital of WS Audiology from EQT, bringing their shareholding of WS Audiology to 51%, according to a company announcement. The transaction solidifies T&W Medical’s long-term ownership of WS Audiology as agreed between the parties in connection with the merger…
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Sivantos and Widex Merger Complete: New Company to Operate as WS Audiology
SINGAPORE AND LYNGE, DENMARK — EQT funds, owners of Sivantos Pte. Ltd. (“Sivantos”), and the Tøpholm and Westermann families, owners of Widex A/S (“Widex”), have announced the successful completion of the merger between Sivantos and Widex. The newly created company will operate under the name WS Audiology and be headquartered in Lynge, Denmark and Singapore.…
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Widex and Sivantos Merger Receives Final Clearance from European Commission
SINGAPORE AND LYNGE, DENMARK — It was announced today that the European Commission has approved, under the EU Merger Regulation, the proposed merger between Sivantos Pte. Ltd. (“Sivantos”), owned by EQT funds, and Widex A/S (“Widex”), owned by T&W Medical A/S. According to the announcement, the Commission concluded the merger would raise no competition concerns.…
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A Season of Giving: Widex USA to Donate $20,000 to Helen Keller Center
HAUPPAUGE, NEW YORK — Widex USA has pledged to donate at least $20,000 in the New Year to the Helen Keller National Center for Deaf-Blind Youth and Adults (HKNC), a division of Helen Keller Services (HKS). The HKNC helps provide comprehensive vocational and independent living training to youths and adults who are deaf-blind. Authorized by…
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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report on November 6, and also reported in other media outlets, the “Big 6” hearing aid makers Widex and Sivantos have withdrawn their application for the European Commission to approve their planned $8.2 billion merger.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…
Read MoreBig 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…
Read MoreEuropean Inventor Awards go to trio of scientists from Widex
COPENHAGEN—Three scientists from Widex A/S, a prominent Danish-based hearing aid manufacturer, were announced yesterday (June 14) as winners of the sixth annual European Inventor Awards. Presented by the European Patent Office, these prestigious honors recognize outstanding inventors for their contributions to social, economic, and technological progress. Jan Tøpholm, Søren Westermann, and Svend Vitting Andersen were…
Read MoreWhat their telly tells them, most Brits can’t always tell
LONDON—Two studies, run in tandem, have found that 71% of adults in the United Kingdom can’t always understand clearly what is said on television. One study was a joint project of the Danish hearing aid manufacturer, Widex, and Britain’s Channel 4. The other was undertaken by the British Broadcasting Company (BBC). One purpose of the…
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