Sivantos Group acquired audibene GmbH on March 26, 2015, to expand its market presence and reach younger customers through an innovative online approach. The acquisition gives Sivantos full ownership of the Berlin-based company but financial details were not disclosed.
| Acquirer | Sivantos Group (SG) |
| Target | Audibene GmbH (DE) |
| Type of deal | Acquisition |
| Deal value | Undisclosed |
| Closing date | 2015-03-26 |
| Announcement date | 2015-03-26 |
| Financial advisors (buy-side) | Not disclosed |
| Financial advisors (sell-side) | Not disclosed |
| Legal advisors (buy-side) | Not disclosed |
| Legal advisors (sell-side) | Not disclosed |
Deal Mechanics
Sivantos Group acquired audibene to enhance its market presence and attract younger customers through an innovative online model. The deal was completed on March 26, 2015, with no financial details being disclosed.
Strategic Rationale
The acquisition of audibene by Sivantos Group aims to leverage the Berlin-based startup's unique data-driven and internet-enabled approach in the hearing care sector. Audibene’s innovative business model has gained significant traction in Europe within a short period, capturing an audience that traditional distribution channels have struggled to reach.
Financial Context
Audibene, founded in 2012 by Dr. Marco Vietor and Paul Crusius, is regarded as one of the leading online hearing care platforms in Europe with over 15,000 daily visitors seeking qualified advice on hearing aids.
Advisors
No financial or legal advisors were disclosed for either side of the transaction.
Outlook
With Sivantos Group's backing, audibene plans to leverage its worldwide distribution network to further expand internationally. The co-founders continue in their roles and gain shares in Sivantos as part of the agreement.