Sivantos

Sivantos Group is a manufacturer of hearing aids. It was spun off from Siemens Audiology Solutions after Siemens AG sold the company to EQT VI and Santo Holding GmbH in 2015.[1]

Sivantos
Private
IndustryHearing instruments
Founded1878
HeadquartersSingapore
Key people
Eric Bernard, CEO
(since Sep 2019)
Revenue€967 million FY16/17
Number of employees
about 6,000
Websitewww.sivantos.com

Sivantos Group employs about 6,000 people in more than 25 countries, including affiliates such as HearUSA and Audio Service.[2]

In fiscal year 16/17 Sivantos Group generated revenue of €967 million on pro-forma basis and adjusted EBITDA of €237 million (earnings before interest, tax, depreciation and amortization).[3]

Sivantos Group joined the UN Global Compact Initiative in 2017 and began to streamline its social activities and CSR policy. The company’s first Communication on Progress, the annual report to the office of the UN Secretary General, was published on 24 May 2018.[4]

In 2018, Widex and Sivantos (which also owns Signia, Rexton, TruHearing, Audibene, HearUSA and Hear.com) announced an $8B merger, creating the 3rd largest hearing conglomerate in the world.[5]

Since March 1, 2019 Sivantos Group has been part of WS Audiology, a company formed that day through the combination of Singapore-headquartered, former Siemens owned (until 2015), Sivantos with Lynge/Denmark-based Widex.[6]

References
  1. "History". Sivantos Group. Archived from the original on 9 July 2016. Retrieved 8 June 2016.
  2. "Sivantos and audibene enter strategic partnership and investment agreement" (Press release). Erlangen, Germany: Sivantos Group. 26 March 2015. Archived from the original on 5 August 2016. Retrieved 8 June 2016.
  3. "Sivantos makes important investment in Poland". Sivantos. 17 April 2018. Retrieved 19 June 2018.
  4. "CSR - This is how Sivantos Group gives back". Sivantos. Retrieved 9 July 2018.
  5. Jacobsen, Stine (15 May 2018). "Sivantos and Widex in $8 billion merger to create No.3 in hearing aids". Reuters. Retrieved 19 June 2018.
  6. https://www.sivantos.com/
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.