Sivantos and Widex Combine to Form WS Audiology
March 1, 2019
EQT-managed funds (owner of Sivantos) and the Tøpholm and Westermann families (owners of Widex) completed a business combination creating WS Audiology, a dual-headquartered hearing-aid company based in Lynge, Denmark and Singapore. The merged company unites the product portfolios and R&D capabilities of Sivantos and Widex (brands including Signia, Widex, Rexton and Audio Service), creating a global medical‑device leader with combined revenues above EUR 1.7 billion and a workforce of over 10,000 to accelerate innovation and market penetration.
- Buyers
- EQT (funds under management), Tøpholm family, Westermann family, Strüngmann family
- Targets
- Sivantos Pte. Ltd., Widex A/S
- Industry
- Medical Devices
- Location
- Denmark
- Transaction Type
- Buyout
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