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Siemens sell their Hearing Aids Business with USD2.6 billion
Time:2014-11-12

Siemens Group agreed to sell Hearing Aids section to EQT Partner AB which is a private placement capital investment firm in Sweden on Nov 7, 2014.. In fact, Siemens had decied to sell the hearing aids section in 2008, At that time, Siemens had sold Medical IT business and MicroBiology unit.

EQT bought the Siemens Hearing Aids business with USD 2.6 billion capital; The offical state that 17 kinds model of Hearing aids in the contract, including in the ear model, behind the ear model and relative wireless accessories, as well as safe protection devices. When EQT was failed to buy Nobel Biocare who Dental Material firm, They always need a chance in Medical Devices, In Siemens project, EQT is sucessed. 

The professional person in the industry think Siemens is Top-one market player in China since the brand of Siemens is very famous here.  Actually, The development in global market is not better than in China. The acquisition will influence the market share and position for the other brands in China. It will be good push for ReSound and AcoSound brand position.

Siemens is the biggest electronic and electrical equipment enterprise in Europe, CEO, Joe Kaeser said, The acquisition of Hearing aids is helpful to focus on stratedy in electrization, automation and Digitize for them; And it will be good news for other brands of hearing aids in China or broad.