Sonova acquires Sennheiser consumer business
- Details
With the takeover of the Sennheiser Consumer business, Sonova is adding headphones and soundbars to its hearing care portfolio, which includes hearing aids and cochlear implants, among other hearing solutions.
"We couldn't have asked for a better partner than Sonova for our Consumer Electronics business," says Daniel Sennheiser, co-CEO at Sennheiser. "Sonova is a strong, well-positioned company. Not only do we share a passion for unique audio experiences, we also share very similar corporate values. This gives us an excellent foundation for a successful future together."
Co-CEO Dr. Andreas Sennheiser adds: "The combination of our strengths provides a very good starting point for future growth. We are convinced that Sonova will strengthen the Sennheiser Consumer Business in the long term and capture the major growth opportunities."
As part of the partnership, a complete transfer of operations of the Consumer Electronics business to Sonova is planned. This will be aligned with the Sennheiser works councils. For the employees who will transfer to Sonova, the move to the internationally operating company, headquartered in Switzerland, opens up very good opportunities for the future, says Sennheiser. Currently, a total of around 600 Sennheiser employees works for the Sennheiser consumer business.
Arnd Kaldowski, CEO of Sonova, says: “I am very pleased that Sennheiser has chosen Sonova to further develop the well-renowned Consumer Division. We look forward to welcoming our new colleagues and to building on the combined strengths of both organisations to successfully shape our joint future. The fast-growing market for personal audio devices is rapidly evolving.
“Combining our audiological expertise with Sennheiser’s know-how in sound delivery, their great reputation as well as their high-quality products will allow us to expand our offering and to create important touchpoints with consumers earlier in their hearing journey. Combining our market-leading technology with the strong brand and well-established distribution network of Sennheiser creates a strong foundation for future growth.”
With the partnership for the consumer business in place, Sennheiser will now concentrate its own strengths and resources on the pro audio, business communications and Neumann business areas. In these three business units, the company 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”.
