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Sonova Holding AG Laubisrütistrasse 28 8712 Stäfa, Switzerland http://www.sonova.com
Contact Ms Gina Francioli +41 58 928 33 47
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Sonova Holding AG

Sonova acquires InSound Medical Inc. and adds a revolutionary new hearing system to its portfolio

(PresseBox) (Stäfa, )
Sonova Holding AG, the world's leading provider of hearing systems, announced today that it has successfully completed its acquisition of InSound Medical Inc., Newark, USA. InSound Medical developed the first extended wear hearing system which is placed deep in the ear canal and totally invisible from the outside, and markets it under the Lyric® brand. The total transaction price is made up of two components: an upfront cash consideration of USD 75 million and earnout payments which depend on the company's financial success going forward. The regulatory approvals needed for the transaction have been obtained.

Significant growth potential

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.