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02/10/2006 | 08:00 CEST | Group Announcements

Phonak and ReSound join forces

Creating the global hearing healthcare powerhouse

The Phonak Group is pleased to announce that it has entered into a share purchase agreement with GN Store Nord of Denmark to buy its subsidiary the ReSound Group, a global manufacturer of advanced technology hearing instruments for an aggregate consideration of DKK 15.5 billion in cash (CHF 3.3 billion at current exchange rates).