German audio options maker Sennheiser stated its client enterprise will probably be acquired by Swiss agency Sonova Holding AG. The worldwide supplier of medical listening to options will absolutely take over Sennheiser’s client electronics enterprise, a press release stated.
Topic to regulatory approval, the plan is to finish the switch of the enterprise to Sonova by the tip of 2021, it added.
Sennheiser had in February introduced it will deal with the skilled enterprise sooner or later whereas in search of a accomplice for the buyer electronics enterprise.
With the takeover of the Sennheiser client enterprise, Sonova is including headphones and soundbars to its listening to care portfolio, which incorporates listening to aids and cochlear implants, amongst different listening to options.
Sonova will leverage the complementary competencies of each firms to strengthen and additional broaden its enterprise areas sooner or later, the assertion stated.
“A everlasting cooperation is deliberate below the joint Sennheiser model umbrella as a way to proceed providing Sennheiser prospects first-class audio options sooner or later. A licence settlement for future use of the Sennheiser model has been made,” the assertion stated.
At present, round 600 workers work for the Sennheiser client enterprise.
Andreas Sennheiser, co-CEO of Sennheiser, stated Sonova is a powerful, well-positioned firm.
“The mixture of our strengths supplies an excellent place to begin for future development. We’re satisfied that Sonova will strengthen the Sennheiser Shopper Enterprise in the long run and seize the most important development alternatives,” he added.
Commenting on the affect of the acquisition on the Indian market, Sennheiser India Director (Shopper Phase) Kapil Gulati stated India is amongst Sennheiser’s high 10 markets globally and the second-largest market within the Asia Pacific area after China.
“India has an amazing benefit with the rising urge for food for the premium and linked sound ecosystem which has been additional accelerated by the pandemic. We perceive the evolving client preferences and we will probably be providing first-class audio options below the Sennheiser model in future,” he added.