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Siemens hears sweet music with €2.15bn deal for Audiology; sees Dx profit jump for Q4

This article was originally published in Clinica

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Executive Summary

Money speaks volumes and when Siemens was offered a tidy sum for its successful hearing aids business, it could not turn a deaf ear. Previously-announced plans to spin out Siemens Audiology Solutions as a standalone publicly-listed company have been ditched and instead, the German group has signed a deal to sell the division to investment company EQT and Germany’s Strüngmann family of entrepreneurs as co-investor for €2.15bn ($2.67bn), plus future earn-outs.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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