# Widex and Sivantos merge to create No.3 hearing aid maker

Hearing aid makers Widex and Sivantos agreed to merge, forming a company worth more than $8 billion, to create the industry's third-largest player. The merger aims to invest more in digital devices and challenge market leaders Sonova and William Demant.

- Type: Acquisition
- Announced: 2018-05-16
- Value: $8.00B
- Status: announced
- Products: hearing aids
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Widex](https://endata.com/companies/31903.md) (target)
- [Sivantos](https://endata.com/companies/31904.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/sivantos-and-widex-in-8-billion-merger-to-create-no3-in-hearing-aids-idUSKCN1IH0KK/), 2018-05-16: "Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest more in digital devices and step up the challenge to market leaders Sonova and William Demant."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.