Amplifon grows within the USA: through double acquisition | EUROtoday

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Amplifon remains to be rising within the United States. The group has accomplished the acquisition of Hearing Instruments and Precision Hearing Aid, two firms owned by one of many most important Miracle-Ear franchisees which personal roughly 35 shops within the US.

The acquired shops are positioned in Pennsylvania, generate annual income of roughly $20 million and make use of roughly 80 folks. Miracle-Ear is the model by way of which Amplifon operates within the United States retail market, by way of direct and franchising shops. Following this acquisition, the Miracle-Ear community within the United States reaches roughly 400 direct gross sales factors, along with over 1,200 franchised shops. In 2023, the United States, Canada and Latin America reached 430 million euros in revenues (roughly 20% of the group whole).

«This second acquisition within the United States from the start of 2024, mixed with the solidity of our franchisee community, confirms our technique to additional speed up Amplifon's development in crucial market on this planet in our sector», says Enrico Vita, CEO of Amplifon . «We need to enhance – he provides – our presence within the nation and assure a wonderful service to an ever-increasing variety of folks due to our profitable enterprise mannequin, primarily based on the event of an vital community of direct shops which operates in excellent synergy with the our strategic and confirmed franchising community.”