Amplifon, a global leader in hearing care services and solutions, announced theacquisition of the entire capital of Kind Aparts Słuchowe, Polish subsidiary of the German Kind group. The operation, which further strengthens Amplifon's position in the hearing care market, includes theintegration of a network of over 120 points of sale, distributed between direct street stores and part-time satellite outlets. The acquisition adds to the current 115 direct stores already present in the country, thus making Poland a strategic market for the Group.
Expansion and consolidation in Europe
The acquisition of Kind Aparaty Słuchowe enables Amplifon to consolidate its presence in the EMEA region (Europe and Middle East), which represents the group's main geographical area in terms of revenues.
The Polish network acquired, with a annual turnover of approximately 10 million euros, will be progressively integrated and will operate under the Amplifon brand, strengthening the company's global network. Currently, Amplifon operates in 26 countries with over 10.000 stores, of which approximately 6.700 are located in the EMEA region.
Vita, CEO Amplifon: “Opportunity seized, Central-Eastern Europe fastest growing market”
“Thanks to this operation – comments the CEO of Amplifon Henry Life - we have seized the opportunity to double our presence in Poland, exceeding 230 points of sale and becoming one of the main operators in the Central Eastern Europe's fastest growing market. We are delighted to welcome new colleagues to our Group and to be able to offer our highly personalized hearing care services to a growing number of people in Poland.”
With over 20.900 employees worldwide and annual revenues exceeding 2,4 billion euros, the company continues to invest in innovation and the expansion of its network.
