November 12, 2007
Sound Design Technologies Ltd, Burlington, Ontario, a Gores Equity LLC company, has completed the previously announced purchase of the hearing instrument products and manufacturing operations of Gennum Corp.
The hearing instrument product portfolio, acquired by Sound Design Technologies, is reported to include the Foundation, Advanta, Venture and Voyageur digital signal processing (DSP) products, which have been designed into hearing aids and assisted listening devices from a variety of top-tier OEMs in the hearing market. Sound Design Technologies also has acquired the 95,000-square-foot manufacturing facility housing 100mm wafer fabrication operations and packaging technologies.
Sound Design Technologies also reports it obtained the thinSTAX(R) technology, a dense packaging and miniaturization capability critical for hearing aids and other assistive audio listening devices.
"The shift in Gennum’s strategic focus has given us the opportunity to acquire a dynamic operation in a growing market with a seasoned management team and a loyal customer base," says Ian Roane, chief executive officer of Sound Design Technologies. "The hearing instrument product portfolio, combined with an aggressive R&D roadmap, world-class manufacturing operations and innovative thinSTAX packaging technology, provides a compelling solution for our customers."
The hearing instrument and manufacturing operations will remain headquartered in Burlington, Ontario.
Source: Sound Design Technologies