Tag: Latin America

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Amplifon to Purchase GAES Group for $616 Million

Amplifon SpA has announced its intent to purchase the privately owned GAES Group, Spain’s largest hearing aid distributor, for €528 million (US$616.6 million). “This major acquisition represents a key milestone in the history of our company and perfectly fits Amplifon’s growth strategy, allowing us to consolidate our global leadership and enabling us to become a market leader in Spain, as well as consolidate our market position in Portugal while also entering the Latin American region,” said Amplifon CEO Enrico Vita.

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