- Published on 09 February 2016
According to a report posted by Bloomberg on Monday 8th February, HAL Trust is considering selling AudioNova International BV. The hearing aid subsidiary employs more than 2,600 people across 1,300 stores in twelve European countries. 2014 revenues for the Netherlands-based retailer totalled 330 million euros.
The European hearing aid retailer, with such a high number of stores, has apparently attracted enquiries from across the industry with Bloomberg reporting interest from Amplifon SpA, William Demant Holding A/S, Sonova Holding AG and private equity firm EQT Partners AB’s Sivantos AG.
2013 had seen revenues decrease substantially across the AudioNova group; however, 2014 was a better year, with revenues increasing 8.5%. On August 4th 2015 the remaining 24.75% of the German hearing aid retailer GEERS Hörakustik (500 shops in Germany and 100 shops in Poland, Hungary, Russia, Switzerland) was acquired by AudioNova, the completion of the transaction started in 2010.
ABN Amro Group NV is said to be managing the process for HAL, but none of the interested parties are commenting at this moment in time.
As an investment company HAL has controlling and non-controlling interests in numbers subsidiaries across the world, covering a multitude of industries from optical and shipping to horticulture and flight simulation equipment. The Company’s stated strategy is focused on acquiring and holding significant shareholdings in companies, with the objective of increasing long-term shareholder’s value. HAL took an ownership interest in AudioNova in 2001, so time may be up for hearing aid subsidiary?
practice under covid-19
Updated guidance for UK hearing health clinicians has been agreed and communicated by the country's professional bodies in audiology.
The discovery of a common inherited genetic variant putting thousands of adults potentially at risk of adult-onset hearing loss (HL) may open the way to prevention through gene therapy.
A cautious but breezy performance update from the Swiss hearing solutions provider Sonova Holding AG shows the group expecting sales for the first half of FY 2020/21 to reach 65-75% of the prior year level.
A July 1 update from the European Hearing Instrument Manufacturers Association (EHIMA) highlights a 6.4% growth in global hearing aid sales for 2019, but a bright long-term picture over recent years cannot disguise the still unaudited debacle of 2020.
The Botswanan firm behind a successful solar-rechargeable hearing aid has been steadily breaking into markets throughout Africa and Brazil.
Orders are coming in and activity is increasing says hearing tech giant Demant as markets respond gradually to the opening up of societies, but uncertainty still clouds the crystal ball on the near-term financial outlook.
Wednesday, June 24 brings the first of three International Hearing Society (IHS) Virtual Conference days, the organisation's first ever online live event.
Lantos Technologies, the US firm behind the Lantos 3D Ear Scanning System, has launched a new e-commerce portal enabling consumers to comfortably browse and buy custom-fit hearing products from manufacturers such as Microsonic, Sennheiser and TETRA: Storefront.[ ... ]
Signia TeleCare is an end-to-end, comprehensive remote care solution that allows professionals to adapt existing processes to dispense, fit, and service hearing aids virtually. Professionals need a desktop/laptop computer plus a headset and a webcam; the customer needs a smartphone with the free Signia app downloaded onto it.[ ... ]
Phonak has launched eSolutions, a telehealth technology platform comprising a suite of tools featuring online hearing testing as well as real-time remote hearing aid fitting, programming, and fine-tuning. The tools work together to remotely connect providers with clients at all stages of the hearing care journey from the safety of their homes.[ ... ]