Media Release Sonova strengthens partnership with Boots UK Staefa (Switzerland), 22.02.2013 - Sonova Holding AG, the world's leading provider of hearing solutions, announces today that Boots UK Limited, the UK's leading pharmacy-led health and beauty retailer and member of Alliance Boots, acquired a 49% minority stake in David Ormerod Hearing Centres, a Sonova Group company. The move further strengthens the partnership between the two companies and reflects a long-term commitment to the successful shop-in-shop business model. Financial details of the transaction are not disclosed. David Ormerod Hearing Centres launched its partnership with Boots in 2003, operating shop-in-shop centres within a number of Boots stores in the UK. Starting with 64 locations, the arrangement has since achieved rapid but stable growth and today operates over 340* Boots hearingcare locations throughout the UK. By offering professional audiological services to customers while increasing store traffic at Boots, the partnership benefits all parties involved, both in quality of care and business terms. "The financial commitment gives testament to Boots' belief in the bright future of the partnership", said Lukas Braunschweiler, CEO of Sonova. "Sonova is pleased to further strengthen and secure the long-term relationship with Boots UK. Together, we will continue to provide high-quality professional audiological services to our customers in the UK and pursue the long-term growth of the business." * as of February 2013 - End - Thomas Bernhardsgruetter Investor Relations Phone +41 58 928 33 44 Mobile +41 79 618 28 07 Email firstname.lastname@example.org Nicole Mueller Contacts Investor Relations Phone +41 58 928 33 22 Email email@example.com Michael Isaac Media Relations Phone +41 58 928 33 24 Mobile +41 79 420 29 56 Email firstname.lastname@example.org Disclaimer This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management's views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside Sonova's control. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sonova undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. About Sonova Sonova Holding AG, headquartered in Staefa, Switzerland, is the leading manufacturer of innovative hearing care solutions. The group operates through its core business brands Phonak, Unitron, Advanced Bionics and Connect Hearing. Sonova offers its customers one of the most comprehensive product portfolios in the industry - from hearing instruments to cochlear implants to wireless communication solutions. Founded in 1947, the group is currently present in over 90 countries across the globe and has a workforce of over 8,500 dedicated employees. Sonova generated sales of CHF 1,62 billion in the financial year 2011/12 and a net profit of CHF 246 million. By supporting the Hear the World Foundation, Sonova pursues its vision of a world where everyone enjoys the delight of hearing and therefore lives a life without limitations. For more information please visit www.sonova.com and www.hear-the-world.com. Sonova shares (ticker symbol:SOON, Security no: 1254978, ISIN: CH1012549785) have been listed on the SIX Swiss Exchange since 1994. The securities of Sonova have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or under the applicable securities laws of any state of the United States of America, and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements under the U.S. Securities Act and in compliance with applicable state securities laws, or outside the United States of America to non-U.S. Persons in reliance on Regulation S under the U.S. Securities Act. Media Release (PDF) Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch email@example.com +41 41 763 00 50
Sonova strengthens partnership with Boots UK
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