SNP Schlawien assists Sonova again in the acquisition of additional auditory acoustics specialty shops
The commercial law firm SNP Schlawien provided advice to Sonova Retail Deutschland GmbH as well as to Vitakustik GmbH, both of them subsidiaries of the world's No. 3 hearing aids manufacturer Sonova AG, in connection with the acquisition of a large number of auditory acoustics specialty shops. They were purchased over the last few months in seven individual transactions by way of asset deals. The purchased units included auditory acoustics specialty shops in Baden-Wuerttemberg, North Rhine-Westphalia, Bremen and Hamburg. The consulting process comprised the entire transaction process, including legal due diligence. The parties agreed not to disclose the purchase price.
The Sonova Group with a sales volume of about € 2.4 bn. and approximately 14,000 employees is one of the world's largest enterprises of the auditory acoustics sector and, in the meantime, they have become the biggest retailer of hearing systems in Germany with more than 850 specialty shops represented in the market with the established brands Geers and Vitakustik. In the last few years already, SNP Schlawien has been involved in a multitude of similar transactions for Sonova and Vitakustik, respectively.
The consulting team under the lead of the partner Mr. Ulrich Leierseder consisted of Dr. Philipp Schlawien and Mr. Peter Muth (all Corporate/M&A, Munich).
Media contact for this transaction
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