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COPENHAGEN, July 15 (Xinhua) -- Novo AS ("Novo") Nike Odyssey React Italia , the holding company of the Novo Group, entered the hearing health industry through acquisition of Sonion Group, a global leader in micro acoustic technologies, the company announced Tuesday.
Sonion Group said in a press statement that Novo has purchased its all shares from Altor Fund III and from other current shareholders for an undisclosed value.
Sonion CEO Joern Moerkeberg said reasons for the sale were attributed to Novo's long and successful track record in managing R&D intensive companies Nike Epic React Italia , which could help strengthen Sonion's R&D efforts to develop better products.
Closing of the transaction is subject to approvals from relevant authorities and is expected to take place during the second half of 2014, according to the statement.
The deal means Novo will expand its long-term life science investment portfolio with a medical technology company that is a leading partner to the hearing instrument manufacturers.
"Through Sonion, we look forward to partnering with the world's hearing instrument manufacturers to continue the development of improved hearing instruments for hearing impaired people around the world," said Novo CEO Eivind Kolding.
"Sonion strongly complements our portfolio of leading life science companies Nike Air Humara Italia , and this investment is well aligned with our strategy," he added.
Headquartered in Roskilde of Denmark, Sonion is a global leader in micro acoustic technologies that is used for hearing instruments, for in-ear earphones and in specialty headsets.
Novo is an unlisted Danish public limited liability company Nike Air Foamposite One Italia , owned by the Novo Nordisk Foundation. It is the controlling shareholder in Novo Nordisk AS, Novozymes AS, and Xellia Pharmaceuticals ApS, as well as a major shareholder in Chr. Hansen Holding AS.
MOSCOW， March 20 (Xinhua) -- Relations between Russia and the United States have attracted great attention since Donald Trump won the U.S. presidential election last year， as the top leaders of both countries have implied the willingness to build rapprochement.
However， two months after Trump's inauguration， bilateral ties have not improved as many expected. In view of deep-rooted conflicts and competing interests， the confrontational pattern between the two countries is unlikely to be reconciled anytime soon， experts say.
MULTIPLE FACTORS HINDERING NORMALIZATION
It is said that Trump has personally been friendly to Russia and Russian President Vladimir Putin， which may seem to bring a ray of optimism for Russia-U.S. relations. However， with anti-Russian sentiments unprecedentedly dominant in Washington， it is not entirely up to Trump and his aides to shape . Wholesale Jerseys Wholesale Jerseys Free Shipping Wholesale Sports Jerseys Wholesale Authentic NCAA Jerseys Wholesale New NBA Jerseys Wholesale College Basketball Jerseys Wholesale NBA Jerseys China Cheap NCAA Jerseys Wholesale Wholesale NBA Jerseys Cheap Soccer Jerseys Free Shipping