Amplifon to acquire GN Hearing for €2.3bn

Italian hearing care retailer Amplifon has signed a binding agreement with GN Store Nord to buy its entire hearing aid division GN Hearing (brands including ReSound and Beltone), valued at around €2.3bn on a cash- and debt-free basis. At completion GN will receive €1.69bn in cash and 56 million Amplifon shares, becoming the second-largest shareholder with about 16%; the combined group would have revenue of roughly €3.3bn in more than 100 countries. Closing is expected by the end of 2026, subject to the carve-out of GN Hearing from the GN group and regulatory approvals (Teleborsa, 16.03.2026; second source: The Hearing Review, 16.03.2026). Added on 03.10.2026. Update (29.09.2026): Amplifon has called an extraordinary and ordinary shareholders' meeting for 29.10.2026 to approve the capital increase of 56 million new shares reserved for GN Store Nord (worth about €631m), the share component of the purchase price; a GN representative is also to join the board once the deal closes (WebSim, 29.09.2026).