Stop High Speed Rail – Banner
Today
It is forecast to be Clear at 7:00 PM PDT on April 27, 2015
Clear
80°/57°
Home » Santa Clarita News » Advanced Bionics Merges With Sonova Holding

Advanced Bionics Merges With Sonova Holding

khts_businessnews3Valencia’s Advanced Bionics, a leader in developing and producing cochlear implants has agreed to merge with Sonova Holding, a German company that is the world’s largest provider of hearing systems. The merger will also partner Advanced Bionics with Phonak, a provider of micro hearing systems.  Both companies will remain independent divisions within the Sonova Group.

 

 

The purchase consideration is worth $489 million, which will be paid in cash. Subject to regulatory and shareholder approvals, the transaction is expected to be completed within the next three months.

Jeffrey Greiner, CEO of Advanced Bionics, said: “Sonova was attracted to our company for our advanced technology, commitment to our patients and our potential for expansion. Not only will we continue to grow under the leadership of Sonova, but we have taken an enormous step toward ensuring that Advanced Bionics remains the industry’s performance leader, now and in the future. We are truly excited by the technological possibilities that this acquisition will offer our candidates and our recipients.”

Advanced Bionics Merges With Sonova Holding

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

About KHTS AM 1220

College Of The Canyons – News Banner
All American Bail Bonds – News Banner
AV Party Rental – News Banner
Academy Swim Club – News Banner
Beyond Harmony – News Banner
Hugo Naturals – News Banner
Action Family Counseling – News Banner
High Speed Rail – News Banner
Patterson’s Collision Center – Tile
Manzanillo Restaurant – Tile
IHOP – Tile
Green Convergence – Tile
Action Family Counseling – Tile
Beyond Harmony – Tile