Sennheiser acquired by hearing aid maker Sonova- Business News

Sennheiser acquired by hearing aid maker Sonova
Sennheiser has been acquired by Sonova, a Swiss company known for its medical audio and hearing aid products.
Akarsh Verma | May 9, 2021 | Updated 16:28 IST
Highlights
Sennheiser’s consumer electronic division has been bought by Sonova for €200 million.
Sennheiser had announced back in February that it was looking for a buyer for its consumer business.
The company’s consumer business turnover was around €756.7 million in 2019.
A few months ago, Sennheiser made the surprising news that it was looking to let go of its consumer division by looking for a buyer. Now Sennheiser has announced that Switzerland-based Sonova Holding AG has acquired its consumer audio division.

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