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Amplifon announces signing & closing of AudioNova retail business acquisition in France from Sonova Holding AG

- 18:18 Financial

Milan, March 1st, 2017 – Following the press release dated January 16th, 2017, Amplifon (MTA; Bloomberg ticker: AMP:IM), global leader in hearing solutions and services, announces today the signing of the definitive agreement and the closing of the acquisition of AudioNova retail business in France (around 55 shops) from Sonova Holding AG.
The transaction, which calls for a cash-out of around 16 million euros, perfectly fits Amplifon’s strategy aimed at strengthening the Company’s positioning in core markets, allowing the Company to reach a total of 560 points of sale in the French market.

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Amplifon announces signing & closing of AudioNova retail business acquisition in France from Sonova Holding AG