Amplifon to sell India hearing business to Hearzap
(Il Sole 24 Ore Radiocor) - Milano, 18 mag - The Italian hearing solutions and services provider Amplifon said it has signed an agreement to sell its business in India to Hearzap (Hearing Solutions Private Limited), an operator that is already well-established in the Indian market.
Financial details of the deal, which is expected to be formally completed in coming months and is subject to customary closing conditions, were not disclosed.
Amplifon noted that the business in India consists of a network of about 115 direct clinics and 460 employees. It generated revenue of approximately 12 million euros in 2025 and had a negative impact on Amplifon group EBITDA.
The sale follows a strategic review of Amplifon's business segments carried out as part of the "Fit4Growth" performance improvement program. The divestment will contribute positively to the group's adjusted EBITDA margin and no.
material non-recurring chargs are expected.
(RADIOCOR) 18-05-26 12:15:52 (0249) 5 NNNN