Amplifon (MTA; Bloomberg ticker: AMP:IM), global leader in hearing solutions and services, and Sivantos, one of the leading hearing aid manufacturers worldwide, announced today the renewal of the supply agreement between Amplifon’s US subsidiary Miracle-Ear, Inc. and Sivantos, Inc., USA, for three years effective from January 1st, 2017. Under this agreement, that signals the continuation of a strong partnership started over 15 years ago, the Miracle-Ear branded hearing aids will continue to be manufactured by Sivantos, which will also provide the Company with other personalized privately-labeled ancillary products.
"We are pleased to confirm the long lasting partnership between Miracle-Ear and Sivantos, which will allow us to further strengthen our positioning in the strategic North American market," said Enrico Vita, Chief Executive Officer of Amplifon.
“North America is a key market for Sivantos too. We value the renewal of our agreement not only as proof of our successful global collaboration based on strong products and services but also as a long-term strategic partnership with clear benefits for both parties,” said Roger Radke, Chief Executive Officer Sivantos Group.