Widex and Sivantos entered into a merger agreement.

Sivantos and Widex, announced that they have agreed terms to merge the two companies. The strategic merger of equals will create a global hearing aid leader generating combined revenues of approximately €1.6bn and employing more than 10k people worldwide. The transaction values the combined entity at an enterprise value of more than €7bn. The merger aims at accelerating growth, strengthening market penetration and enhancing efficiencies to enable additional investments into R&D and supply chain. “We and Sivantos share a common vision of giving people unlimited access to a world of sound by providing unparalleled hearing aids and customer services.” Jan Tøpholm, Widex Chairman.