Sonova completed the acquisition of the consumer electronics business of Sennheiser for £174m.

Sonova, a company that designs, develops, manufactures, distributes and services hearing systems, completed the acquisition of the consumer electronics business of Sennheiser, a provider of audio solutions, for £174m ($233m). "A warm welcome to the new colleagues who have joined us from Sennheiser. Linking the complementary strengths of Sonova and Sennheiser, we will now reach even more consumers at different stages of their hearing journey, creating a new path for sustainable growth for our company. We are convinced that our expanded offering of personal audio devices with speech enhancement will be a key contributor to increase the adoption of hearing solutions," Arnd Kaldowski, Sonova CEO.