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Sonova acquires German audio brand Sennheiser s consumer biz
By IANS |
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Sonova acquires German audio brand Sennheiser s consumer biz. Image Source: IANS News
New Delhi, May 7 : Swiss hearing care solutions provider Sonova has acquired the consumer electronics business of German audio brand Sennheiser for an undisclosed sum, the companies announced on Friday.
Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021.
Sennheiser had announced in February that it would focus on the professional business in the future while seeking a partner for its consumer electronics business. We couldn t have asked for a better partner than Sonova for our Consumer Electronics business, said Daniel Sennheiser, co-CEO at Sennheiser.