Amplifon announces its entry into the Israeli market

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Last updated on April 8, 2014 at 08:00 am

Today the Company, worldwide leader in the distribution and fitting of personalized hearing solutions, signed an agreement for the acquisition of 60% of Medtechnica Orthophone, the sector leader in Israel. The CEO Franco Moscetti: “this transaction confirms our international growth strategy as we embark in a new market while, at the same time, paving the way for further development throughout the Eastern Mediterranean region”.

Amplifon, worldwide leader in the distribution, fitting and personalization of hearing solutions, announced today to have signed an agreement for the acquisition of 60% of Medtechnica Orthophone Ltd, the Israeli leading provider of hearing aids and related services. With a market share of around 30%, Medtechnica Orthophone operates through a network of 70 direct and indirect points of sale reaching revenues of approximately Euro 10 million.

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