Sivantos / Widex merger

Overview:

• European hearing aid manufacturers Sivantos and Widex have agreed to merge to form a company worth more than $8.3 billion.
• Through the merger, the German and Swedish companies expect to invest more in research and development for digital devices such as bluetooth and healthcare sensors.
• The combined group will have $1.9 billion euros in annual sales and employ more than 10,000 people worldwide, including 800 staff in research.
• Swedish private equity firm EQT, including co-investor Santo, will own a majority of the merged group. EQT had previously acquired Sivantos from Siemens in 2015. The owners of Widex, the Topholm and Westermann families, will retain large stakes and be the largest shareholder group.
• Financial advice for the merger is being provided by JP Morgan, Goldman Sachs and Deutsche Bank.

Prin Shasiharan - Researcher