Announced
Completed
Financials
Tags
accessories
hearing aids
manufacturing
Medical Equipment
Private
Merger
Germany
Denmark
Completed
Private Equity
Friendly
Single Bidder
Synopsis
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.
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