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Sonova acquires Sennheiser Consumer Business Both companies will work together under the Sennheiser brand in the future May 07, 2021 Sennheiser and the Sonova Holding AG with headquarters in Stäfa, Switzerland, today announced their future cooperation under the Sennheiser brand. The global provider of medical hearing solutions will fully take over Sennheiser's Consumer Electronics business. Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021. Sennheiser had announced in February that it would focus on the Professional business...

Sonova acquires German audio brand Sennheiser's consumer biz ​ By IANS | ​ 5 Views Sonova acquires German audio brand Sennheiser's consumer biz. Image Source: IANS News New Delhi, May 7 : Swiss hearing care solutions provider Sonova has acquired the consumer electronics business of German audio brand Sennheiser for an undisclosed sum, the companies announced on Friday. Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021. Sennheiser had announced in February that it would focus on the professional business in the future while ...

Sonova acquires Sennheiser Consumer Electronics business 7th May 2021 Swiss-based medical hearing solutions provider Sonova Holding AG has acquired Sennheiser’s consumer electronics business.  Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021. Sennheiser announced in February that it planned to focus on its professional business divisions while seeking a partner for its CE arm. The takeover allows Sonova to add headphones and soundbars to its portfolio, which currently comprises hearing aids and cochlear implants.  The move w...

Sennheiser has sold off its consumer electronics division, which includes the company’s portfolio of excellent headphones. In a deal worth €200 million, Swiss company, Sonova, will now own Sennheiser’s consumer electronics division. Sennheiser began looking to sell its consumer electronics division back in February due to competitive pressure. As pointed out by The Verge, Sennheiser saw record sales in 2019, but due to dwindling profit margins, the company still lost money on its consumer electronics division. Sonova, a Swiss company best known for medical audio products like hearing ai...

Eric Abent - May 7, 2021, 9:11am CDT Back in February, Sennheiser announced that it was looking for a partner to take over its consumer products arm so it could shift its focus entirely to its Pro business. Today, the company announced that it has found a partner in the Stäfa, Switzerland-based Sonova Holding AG. Sonovoa has agreed to acquire Sennheiser’s consumer business and continue to develop, produce, and sell headphones and soundbars under the Sennheiser brand. This is a bit of a strange acquisition, because at first blush, you wouldn’t necessarily assume that Se...