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The new ReSound LiNX2 mini BTE model will bring the superior sound quality and connectivity of ReSound Smart Hearing aids to more people, the company said.
Anders Hedegaard, CEO of GN ReSound, said,"Combining GN ReSounds superior technology and Audigys unique business model, with best-in-class business and performance management solutions, will provide an exceptional value proposition to independent hearing care and medical professionals.
The company lifted its organic growth forecast for GN ReSound to "more than 6%" from previous "more than 4%" on the grounds of a significant 23% organic growth in North America in the first quarter.
The takeover will secure a strong position for GN ReSound in the Australian hearing aid market and complement its strong presence in the USA, the Danish company said.
However, GN Resound hopes that the board of the targeted firm will find its proposal superior and terminate an existing agreement with its rival.
At ReSound, we understand that our success is tied to the success of our business partners," said Kevin Mensink, VP of Marketing, ReSound.
While the automotive industry has responded well to reSound NF, which was introduced earlier this year, we have seen significant interest in these strong, lightweight solutions from manufacturers in consumer and other industries, said Holger Kronimus, VP Europe and general manager, PolyOne Specialty Engineered Materials.
18 March 2011 - Danish hearing-aid maker GN Store Nord A/S (CPH: GN) said today Henrik Juuel has decided to step down from the position of chief financial officer (CFO) of the unit GN ReSound and will continue to work outside the company.
The bid is seen to be equal to a price of USD73-78m on a debt free basis, the company said in a statement, adding that a possible acquisition of Otix will help GN Resound enhance its product portfolio, expand its US presence and secure a significant position in the Australian hearing aid market.
Hearing aid manufacturer, ReSound, provides hearing aids to Americans with limited financial resources via the Help America Hear charity.
The business acquired by GN ReSound - one of the world's leading makers of hearing aids and diagnostic equipment - has 17 workers, sales of around Euro 4 million and negatively affects the Amplifon Group's Ebitda.
M2 EQUITYBITES-March 18, 2011--GN Resound CFO to leave company(C)2011 M2 COMMUNICATIONS http://www.