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Sonova acquires Sennheiser Consumer Electronics business
7th May 2021
Swiss-based medical hearing solutions provider Sonova Holding AG has acquired Sennheiser’s consumer electronics business. 
Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021. Sennheiser announced in February that it planned to focus on its professional business divisions while seeking a partner for its CE arm.
The takeover allows Sonova to add headphones and soundbars to its portfolio, which currently comprises hearing aids and cochlear implants. 
The move will allow Sennheiser to concentrate its resources on the Pro Audio, Business Communications and Neumann business areas. In these three business units, the company says it plans to continue to grow ‘at an above-average rate under its own power and to expand its already strong position in the global market.’ ....

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