# Sonova acquires Sennheiser consumer unit for EUR 200 million

Sonova, the world's largest hearing aid maker, agreed to buy the consumer electronics unit of Sennheiser for EUR 200 million. The deal is expected to close by end of 2021, subject to regulatory approval.

- Type: Acquisition
- Announced: 2021-05-11
- Where: Switzerland
- Value: $241.0M (200.0M EUR)
- Status: announced
- Products: headphones, soundbars, hearing aids, cochlear implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sonova Holding](https://endata.com/companies/54970.md) (acquirer)
- [Sennheiser](https://endata.com/companies/54971.md) (target)

## Sources

- [wearable-technologies.com](https://wearable-technologies.com/news/hearing-aid-maker-sonova-acquires-sennheiser-consumer-unit), 2021-05-11: "We couldn't have asked for a better partner than Sonova for our Consumer Electronics business."

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