Sivantos

Sivantos
Private
Industry Hearing instruments
Founded 1878
Headquarters Singapore
Key people
 Ignacio Martinez (CEO)
Revenue €967 million FY16/17
Number of employees
 about 6,000
Website www.sivantos.com

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 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]

References

  1. ↑ "History". Sivantos Group.
  2. ↑ "Sivantos and audibene enter strategic partnership and investment agreement" (Press release). Erlangen, Germany: Sivantos Group. 26 March 2015.
  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 2018-07-09.
  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.
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