GN Store Nord A/S announces that all regulatory approvals for the sale of the Hearing business to Amplifon S.p.A have been met
On March 16, 2026, GN Store Nord A/S (“GN”) entered into a definitive agreement for the sale of GN’s Hearing business to Amplifon S.p.A. (“Amplifon”), a leading global hearing care retailer. The transaction is subject to customary regulatory approvals and completion of the Hearing business separation from GN.
Today, GN announces that all regulatory approvals for the divestment of the Hearing business to Amplifon have been obtained following approval received from the European Commission. The separation of the Hearing business from GN is progressing in accordance with expectations.
The transaction is expected to be completed by the end of the year, in line with the earlier communicated timeframe.
For further information, please contact:
Investor Relations
Rune Sandager +45 45 75 92 57
Media Relations
Helge Coroli Frandsen +45 22 94 98 24
About GN
GN brings people closer through our leading intelligent hearing, audio, video, and gaming solutions. Inspired by people and driven by innovation, we deliver technologies that enhance the senses of hearing and sight. We help people with hearing loss overcome real-life challenges, improve communication and collaboration for businesses, and provide great experiences for audio and gaming enthusiasts. GN was founded more than 150 years ago with a vision to connect the world. Today, inspired by our strong heritage, GN touches more lives than ever with our unique expertise and the broadest portfolio of products and services in our history – bringing people closer to what is important to them.
We market our solutions with the brands Jabra, ReSound, SteelSeries, Beltone, Interton, BlueParrott, Danavox, and FalCom in 100 countries. Founded in 1869, GN Group employs more than 7,500 people and is listed on Nasdaq Copenhagen (GN.CO).
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The forward-looking statements in this announcement reflect the management's current expectations of certain future events and financial results. Statements regarding the future are, naturally, subject to risks and uncertainties, which may result in considerable deviations from the outlook set forth. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Changes to such expectations and assumptions will not be disclosed on an ongoing basis, unless required pursuant to general disclosure obligations to which GN is subject.
Factors that may cause actual results to deviate materially from expectations include – but are not limited to – general economic developments and developments in the financial markets as well as foreign exchange rates, risks related to the above mentioned transaction, technological developments, changes and amendments to legislation and regulations governing GN markets, changes in the demand for GN products, competition, fluctuations in sub-contractor supplies, and developments in ongoing litigation (including but not limited to class action and patent infringement litigation in the United States).
For more information, please see the "Management's report" and "Risk management” sections in the Annual Report. This announcement should not be considered an offer to sell or buy securities in GN.