Sonova Undaunted By Collapse Of GN Resound Hearing-Aid Acquisition
Valentin Chapero is telling Wall Street that Sonova, led by its Phonak brand of hearing aids, will still vie to become the world’s number one hearing-aid company even after the collapse of its bid to acquire GN Resound from GN Store Nord. Read more
Sonic Innovations Sees Healthy Increase In Hearing-Aid Sales
Sonic Innovations, a leading U.S.-based manufacturer, reported a healthy 16.4 percent increase in sales to $30.4 million (US) in its latest fiscal quarter, a growth rate apparently well above the rate at which the global market is growing. Read more
Aug. 8 Is Drop-Dead Date for Phonak GN Resound Acquisition Decision
Valentin Chapero, CEO of Sonova Holding AG, formerly Phonak AG, said this week Sonova may abandon its quest to acquire GN Resound if the German trade office on Aug. 8 confirms its veto of the merger. Read more
New York Times Style Section Puts Hearing Aids Front And Center
When The New York Times devotes nearly the entire front page of its Style section to new hearing-aid designs and baby boomers’ attempts to get over the stigma and start hearing well again by embracing the new technologies, you know the industry has entered a new era. Read more
Phonak PR On Slow-Growth Hearing-Aid Market Misses The Point: It’s Not The Product, It’s The Price!
Phonak has cranked up its PR engine for the launch of the snazzy new Audeo hearing aid family, scoring a beautiful piece in BusinessWeek magazine on the wonders of its expensive new digital hearing aids with their jazzy colors and names. Read more
Sebotek Patent Infringement Suit Challenges Big Hearing Aid Companies
Sebotek’s patent infringement suit against several of the world’s largest hearing-aid manufacturers is a David-and-Goliath challenge to protect its intellectual property. It also throws a big element of uncertainty into a significant and fast-growing segment of the market for open-fit behind-the-ear (BTE) hearing aids. Read more
On-Again, Off-Again Merger Of Hearing-Aid Giants Phonak and GN Resound May Be On Again
The CEO of Phonak Holding in Switzerland says he won’t be deterred, at least for now, by the German cartel office veto of the company’s acquisition of GN ReSound. Read more
And Then There Were Six: GN Store Nord Puts GN ReSound On The Block
I wrote about the “seven sisters” of the global hearing aid industry a while ago, but now it appears there will be six. Consolidation among the largest manufacturers continues as GN Store Nord considers selling GN ReSound, the world’s third-largest hearing-aid brand, to one of the other majors. Read more
Buy Or Build? Starkey Turns Semiconductor Design Over To AMI
Buy or build? That’s a question that always confronts system manufacturers. It makes sense to buy standard components, but you want to own the designs for components that give your product a performance edge. Starkey Laboratories has answered the question about a major component in its hearing aids by selling its chip design group to AMI Semiconductor, Inc., which produces DSP chips for a number of hearing aid manufacturers around the world. Read more
GN Acquisition Of Interton Accelerates Hearing-Aid Industry Consolidation
The big are getting bigger in the hearing-aid industry, with GN Store Nord, parent of the GN ReSound Group, acquiring German hearing-instrument developer Interton for DKK 350-million ($56 million USD). Read more