Shots:
- GN Store Nord has entered into a definitive agreement to sell its Hearing business to Amplifon for DKK 17B (~$2.59B), incl. DKK 12.6B (~$1.9B) in cash & DKK 56M (~$8.5M) Amplifon shares, giving GN ~16% stake in Amplifon
- The deal will include hearing brands such as ReSound, Beltone & others, along with IP, R&D, manufacturing, and operations, & Beltone network partnerships
- The transaction, expected to close by the end of 2026 pending regulatory approvals, will create a global integrated audiology leader, while GN Store Nord will refocus on audio and video peripherals markets
Ref: Globenewswire | Image: GN Store Nord & Amplifon |Press Release
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