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Sonova Holding AG Laubisrütistrasse 28 8712 Stäfa, Switzerland http://www.sonova.com
Contact Ms Nicole Müller +41 58 928 33 22
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Sonova Holding AG

Sonova agrees with former InSound Medical Inc. shareholders to end existing earn-out agreement with a one-off payment of USD 94 million

(PresseBox) (Stäfa, )
Sonova Holding AG, the world's leading provider of hearing systems, today announced a change in the existing acquisition agreement with representatives of the former shareholders of InSound Medical Inc., Newark, USA. A one-off payment of USD 94 million will replace all previous earn-out obligations. The change in the agreement will allow the Sonova Group to include InSound Medical, which was previously run separately due to the variable purchase price component, into the general Phonak US distribution strategy. This will enable the Group to better exploit the commercial potential in the United States.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.