Hengeler Mueller advises Sennheiser on the takeover of the Consumer Electronics business by Sonova
12. May 2021
Sennheiser sells its Consumer Electronics business to Swiss Sonova Holding AG and plans a permanent cooperation with Sonova under the joint Sennheiser brand umbrella. The transaction is subject to regulatory approval. The Consumer Electronics business primarily comprises the development, production and global distribution of premium and high-end headphones and soundbars for retail customers. In the future, Sennheiser will focus on the Pro Audio, Business Communications and Neumann business areas.
Hengeler Mueller advises Sennheiser on the sale and carve-out of the Consumer Electronics business and the long-term brand licensing agreement with Sonova. The team is led by partners Bernd Wirbel and Thomas Meurer (both Corporate/M&A) and includes partners Wolfgang Kellenter (IP/IT), Alf-Henrik Bischke (Antitrust) (all Düsseldorf), Matthias Scheifele (Tax, Munich) and Christian Hoefs (Employment, Frankfurt), counsel Andrea Schlaffge (IP/IT, Düsseldorf) and Gunther Wagner (Tax, Munich) as well as associates Barbara Boytinck, Mike Steffen, Maxi Ludwig (all M&A, Düsseldorf), Marius Marx (Tax, Frankfurt), Christian Dankerl (Antitrust, Düsseldorf) and Selina Rohr (Employment, Frankfurt).