Amplifon Receives €100 Million Boost from CDP for Innovation Push
Deal News | Dec 17, 2024 | Cassa Depositi e Prestiti SpA
Cassa Depositi e Prestiti SpA (CDP) has provided €100 million to Amplifon, a global leader in hearing care services, to support the company's innovation initiatives. Amplifon aims to use these funds to advance technological solutions, improve customer experience, and enhance digital services. This investment complements a broader financing arrangement with the European Investment Bank. The funding will facilitate the development of new digital solutions allowing remote adjustments of hearing aids and self-administered hearing tests. Additionally, it will support the creation of tools to collect real-time data on device performance, enabling audiologists to provide improved service. This initiative aligns with CDP’s strategy to promote technological innovation and digitisation, reinforcing Amplifon's presence in the international market.
Sectors
- Healthcare
- Technology
- Financial Services
Geography
- Italy – Amplifon is based in Milan, Italy, and Cassa Depositi e Prestiti SpA is an Italian financial institution, highlighting the Italian context.
- Global – Amplifon operates in 26 countries, indicating the global relevance of the innovation funded by the investment.
Industry
- Healthcare – The article focuses on hearing care services, which fall under the healthcare industry, addressing the growing global issue of hearing loss.
- Technology – The investment supports technological innovation and digitisation, reflecting advancements in digital healthcare solutions.
- Financial Services – The involvement of Cassa Depositi e Prestiti SpA represents financial support and investment in technological advancements.
Financials
- €100 million – The amount invested by CDP to support Amplifon's innovation and digitisation efforts.
- €2.5 billion – Amplifon's reported annual revenues.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amplifon | Target Company | Company | Amplifon is a global leader in hearing care solutions, serving around one million customers annually. |
| Cassa Depositi e Prestiti SpA | Bidding Company/Investor | Company | CDP is an Italian financial institution providing investment support for innovation and digitisation. |
| European Investment Bank | Financial Support | Company | EIB is involved in the broader financing operation supporting Amplifon's innovation initiatives. |