How Siemens Audiology Solutions Became Sivantos
Siemens sold its hearing aid business to the investment company EQT, with Germany’s Strüngmann family as co-investor on January 15, 2015. Since then, the group name of the former Siemens Audiology Solutions has been Sivantos Group. EQT and the Strüngmann family have outlined a growth strategy for further developing the hearing aid business.
The change of control provided Sivantos with additional entrepreneurial freedom and flexibility, while enabling us to continue our successful growth rate of the last few years. The results of our first fiscal year as Sivantos show that we grew faster than the market and gained market share across the globe.