Sonova Acquires Sennheiser Consumer Division to Expand and Enter New Growth Markets
Hearing solutions provider Sonova Holding AG, has signed an agreement to acquire the Consumer Division from Sennheiser electronic GmbH & Co. KG (Sennheiser). The announcement from the Switzerland-based company follows on the statement, made earlier in 2021, that Sennheiser was planning to focus on its Professional business, and aiming to secure a partnership to strengthen its market position in Consumer Electronics.