05/12/2022 | 05:30 CET | Group Announcements
Stäfa (Switzerland), December 5, 2022 – Sonova Holding AG, a leading provider of hearing care solutions, has successfully completed the acquisition of the HYSOUND Group, first announced on August 19, 2022. As one of the leading nationwide chains of audiological care clinics in China, with around 200 clinics in over 20 provinces and more than 70 cities, the HYSOUND Group will significantly enlarge Sonova’s store footprint and direct consumer access in this fast-growing market.
Arnd Kaldowski, CEO of Sonova, says: “I would like to extend a warm welcome to the new colleagues who are joining us from the HYSOUND Group. Increasing consumer access through our Audiological Care business is one of the key pillars of Sonova’s strategy. We look forward to combining the complementary strengths of Sonova and the HYSOUND Group to expand our consumer access in the fast-growing market in China together.”
William YingWei Wang, founder & CEO of the HYSOUND Group, adds: “We are confident of the fast growth of China’s hearing healthcare market. With the support and strength of the Sonova Group, we look forward to offering further high-quality products and professional services to new and existing consumers of the HYSOUND Group.”
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