Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | September 19, 2005

GN acquires German hearing-aid manufacturer

GN has entered an agreement of acquiring the German hearing-aid manufacturer Interton Hörgeräte for EUR 47 Million.
An earn-out deal is included in the deal which is depending on the turnover through 2005-2007.

Interton has a strong position especially on the American and the German market where the comany's low- and middlepriced products are going to strengthen GN's profile as a provider of hearing-aids at all price levels.

Interton is expected to reach a turnover of EUR 30 Million in 2005 by the sales of 145 000 units. Restructuring costs are also expected of about EUR 2.7 Million in 2005.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-2