{"id":27340,"date":"2016-05-04T09:26:14","date_gmt":"2016-05-04T07:26:14","guid":{"rendered":"http:\/\/www.silvereco.org\/en\/?p=27340"},"modified":"2026-01-22T13:50:07","modified_gmt":"2026-01-22T12:50:07","slug":"sonova-and-audionova-join-forces","status":"publish","type":"post","link":"https:\/\/www.silvereco.org\/en\/sonova-and-audionova-join-forces\/","title":{"rendered":"Sonova and AudioNova join forces"},"content":{"rendered":"<p>Sonova, the world\u2019s leading provider of hearing solutions, and AudioNova, one of Europe\u2019s largest hearing aid retailers, announced today their intention to join forces.<\/p>\n<p><!--more--><\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-27342 size-full\" src=\"http:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/Audition.png\" alt=\"hearing solutions\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/Audition.png 600w, https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/Audition-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/>When two leading powers meet<\/h2>\n<p>Sonova has reached an agreement to acquire AudioNova, which operates over 1,300 stores in 8 countries. The purchase consideration will be paid in cash and values AudioNova at EUR 830 million. The closing of the transaction is subject to regulatory approval and expected in the second half of 2016.<\/p>\n<p>AudioNova is one of Europe\u2019s leading hearing aid retailers and service providers. With its highly qualified staff, including 1600 acousticians, the company assists its clients with the selection of the best hearing solution for their needs, ensuring actual use through continuous support, thus improving quality of life through better hearing. The company has grown strongly in recent years, expanding its store base by some 30 percent over the past 5 years. It now has a network of more than 1,300 stores in 8 countries: Germany, The Netherlands, Italy, Belgium, Poland, Denmark, France and Portugal.<\/p>\n<h2>Highlights of the transaction<img loading=\"lazy\" decoding=\"async\" class=\" wp-image-27346 aligncenter\" src=\"http:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova-1024x306.png\" alt=\"sonova logo hd\" width=\"486\" height=\"145\" srcset=\"https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova-1024x306.png 1024w, https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova-300x90.png 300w, https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova-768x229.png 768w, https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova-600x179.png 600w, https:\/\/www.silvereco.org\/en\/wp-content\/uploads\/2016\/05\/sonova.png 2000w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/><\/h2>\n<ul>\n<li>The transaction is an excellent fit with Sonova\u2019s strategy towards professional service and retail, which is a cornerstone of the overall Group strategy.<\/li>\n<li>Adding the strong AudioNova retail platform to the Sonova Group will create one of the broadest hearing aid retail service networks in Europe with over 2,580 stores in 12 countries and over 3,300 stores worldwide.<\/li>\n<li>In 2016, the acquired group is expected to generate sales of approximately EUR 360 million and an EBITDA margin of around 16%.<\/li>\n<li>This transaction will be financed with cash and debt resulting in a pro forma Net debt\/EBITA ratio of around 1.2x.<\/li>\n<li>The combination is expected to generate sustainable and substantial synergies after some initial integration costs.<\/li>\n<li>Sonova expects the transaction to make a positive contribution to the earnings per share from financial year 2017\/18 onwards.<\/li>\n<\/ul>\n<p><strong>Lukas Braunschweiler, CEO of Sonova<\/strong>, says: <em>\u201cThe acquisition of AudioNova is a significant step in further advancing our strategy of offering a full range of hearing solutions along with the professional audiological services which are instrumental to achieve the optimal result for our customers. I am convinced that the combination of our well established and complementary retail networks represents a strong base for future growth.\u201d<\/em><\/p>\n<p>With the acquisition announced today, Sonova takes the unique opportunity to significantly expand its business in the European hearing aid retail market. The combination of AudioNova and\u00a0Sonova will create one of the broadest hearing aid retail service networks in Europe with attractive market positions and critical mass. Both companies have a complementary footprint which creates an optimal basis to further leverage the strengths of the combined business. Furthermore, the high quality retail platform of AudioNova is an excellent fit with Sonova\u2019s professional service and retail go-to-market strategy.<\/p>\n<p><strong>Frank van der Vis, CEO of AudioNova<\/strong>, says: <em>\u201cBecoming part of a financially strong and very well established player in the hearing aid market will help us to achieve our goals. It provides us with both the knowledge of and access to state-of-the-art technologies and the financial strength to realize our potential. This move makes sense for our customers, our people and our partners \u2013 I\u2019m therefore looking very much forward to complete this transaction.\u201d<\/em><\/p>\n<p>Sonova expects multi-fold synergies on top and bottom line from leveraging best practices, best brands, and product sourcing. By adding AudioNova\u2019s over 1,300 stores in 8 countries to the Group\u2019s retail business, Sonova is moreover able to gain closer proximity to its end customers and at the same time optimize its products to customers\u2019 needs.<\/p>\n<p><em>Source: Press Release<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sonova, the world\u2019s leading provider of hearing solutions, and AudioNova, one of Europe\u2019s largest hearing aid retailers, announced today their intention to join forces.<\/p>\n","protected":false},"author":33,"featured_media":27342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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the world\u2019s leading provider of hearing solutions, and AudioNova, one of Europe\u2019s largest hearing aid retailers, announced today their intention to join forces.","_links":{"self":[{"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/posts\/27340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/comments?post=27340"}],"version-history":[{"count":1,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/posts\/27340\/revisions"}],"predecessor-version":[{"id":48599,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/posts\/27340\/revisions\/48599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/media\/27342"}],"wp:attachment":[{"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/media?parent=27340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/categories?post=27340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silvereco.org\/en\/wp-json\/wp\/v2\/tags?post=27340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}