Home News Siemens Hearing Aid Division has implemented in 2009 less – Circles

Siemens Hearing Aid Division has implemented in 2009 less – Circles


Archibald Henning Preuschat and Eyk

FRANKFURT (Dow Jones) – The business of hearing aids Siemens AG 2009 following information given on Tuesday a smaller margin reached and implemented less than a year ago. Would therefore Less equity bid for the division as of the Munich DAX-group expects.

According to an informant declined, sales of the Division last year to 550 million from 565 million euros. Furthermore, had the Profitability declined. The margin was slightly lower than 30% and thus nearly 5 Percentage points less than in 2008.

According to information, the Dow Jones Newswires earlier this week had received a Siemens wants to sell the Hearing aids get EUR 2 billion division. Financial investors, but are probably only willing, 1.5 Billion to EUR 1.6 billion on the table.

Among the bidders is the London Equity firms Permira, that with a common Nordic Capital bid has come together. Other interested parties include a consortium for the Australian cochlear implant manufacturer Cochlear, Hellman & Friedman and Kohlberg Kravis Roberts & Co., Cinven Group and Bain Capital.


Website: www.siemens.com

-By Archibald Preuschat Eyk and Henning, Dow Jones Newswires
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(END) Dow Jones Newswires

February 23, 2010 07:33 ET (12:33 GMT)

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