Sonova's acquisition of AudioNova approved by German Federal Cartel Office
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Sonova announced on July 20 that the German FederalCartel Office approved the acquisition of the Dutch hearing aid distributor AudioNova without conditions.
On May 4 Audiology Worldnews reported about the signature of the agreement between Sonova and AudioNova with the aim of acquiring the network for 830 million Euros.
The Office of Competition and ConsumerProtection in Poland already cleared the transaction on July 5, 2016. Whilst the acquisition was approved by the Dutch Healthcare Authority (NZa), the review by the Authority for Consumers &Markets (ACM) in the Netherlands is ongoing.
Sonova expects the transaction to close in 2016.
