MED-EL acquires BHM-Tech in all-Austrian merger

MED-EL has bolstered its position in the hearing solutions market after its acquisition this September of the expert fellow Austrian bone-conduction hearing systems outfit BHM-Tech Ltd. The buyout effectively retires the BHM founder, Franz Berl (pictured). There will be a smooth transition, the new owners announced, and Berl will continue to offer his know-how as a consultant. All BHM-Tech employees will stay in their positions and continue working in their familiar surroundings. Financial details on the acquisition are confidential and will not be disclosed by either party. [caption id="attachment_138522" align="alignright" width="300"] © MED-ELIngeborg Hochmair, founder and CEO of MED-EL, and Franz Berl, founder of BHM-Tech, signing the acquisition...