Sonova to Acquire AudioNova

Swiss hearing aid manufacturer Sonova will purchase hearing aid retailer AudioNova International from HAL Investments for $953 million in cash.

The planned acquisition gives Sonova access to 1,300 retail stores in eight countries and is expected to be completed in the latter half of the year.

Netherlands-based AudioNova garnered roughly $413 million in sales last year. — Anisa Jibrell