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Sivantos and Widex successfully completed their business combination, creating WS Audiology with combined revenues of over EUR 1.7 billion and more than 10,000 employees. The new company is headquartered in Lynge, Denmark and Singapore.
Danish hearing aid maker Widex and German rival Sivantos reopened an application seeking European Commission approval for their planned $8 billion merger, after withdrawing it in October 2018.
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.