As previously reported in a May 16, 2016 article in The Hearing Review, GN Store Nord (GN Hearing) announced on May 15, 2016 a contingent agreement to acquire Audigy Group (“Audigy”), a provider of business and performance management solutions to independent hearing care professionals and leading University programs in North America. The company has now announced that, as of July 1, 2016, all necessary conditions, including relevant regulatory approvals, have been met and GN Hearing has completed the acquisition of Audigy.

Audigy Group The acquisition reflects GN Hearing’s ambition to continue offering leading products and services to its customers while maintaining GN Hearing’s strict focus on its innovative hearing aid wholesale business, which has driven significant market share gains in recent years.

Audigy will be a separate company and subsidiary of GN Hearing’s US business entity. According to GN Hearing, the objective is to preserve and benefit from Audigy’s unique business model and strong management team.

Anders Hedegaard

Anders Hedegaard

“The acquisition of Audigy supports GN Hearing’s strong momentum by allowing GN Hearing to be an even better partner to its customers,” said Anders Hedegaard, CEO of GN Hearing. “With the acquisition, GN Hearing can offer unique business and performance management solutions to many of its customers, in addition to our continued offering of leading hearing aid technology.”

For more details on the acquisition, read HR’s May 16 article.

Source: GN Store Nord (GN Hearing)