Sonova completed the acquisition of Europe’s second largest hearing aids retailer AudioNova (Amplifon remains the largest retailer in the hearing aids industry), earlier than expected, in September 2016. Sonova acquired AudioNova from the investment company HAL Trust, pipping the likes of WDM (William Demant) and Sivantos. The acquisition brings >1,300 retail stores spread across eight European countries, further fortifying Sonova’s hold on its distribution channel (as a remind

24 Oct 2016
AudioNova acquisition completed, major short-term headwinds to persist

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AudioNova acquisition completed, major short-term headwinds to persist
Sonova Holding AG (0QPY:LON) | 0 0 0.7% | Mkt Cap: 9,662m
- Published:
24 Oct 2016 -
Author:
Jyoti Prakash -
Pages:
4 -
Sonova completed the acquisition of Europe’s second largest hearing aids retailer AudioNova (Amplifon remains the largest retailer in the hearing aids industry), earlier than expected, in September 2016. Sonova acquired AudioNova from the investment company HAL Trust, pipping the likes of WDM (William Demant) and Sivantos. The acquisition brings >1,300 retail stores spread across eight European countries, further fortifying Sonova’s hold on its distribution channel (as a remind