Amplifon Secures €100 Million Investment to Drive Innovation
Deal News | Dec 17, 2024 | Cassa Depositi e Prestiti SpA
Amplifon, a global leader in hearing care services, has received a significant financial boost amounting to €100 million from Cassa Depositi e Prestiti SpA (CDP). This funding is part of a larger initiative with the European Investment Bank aimed at advancing technological innovation and enhancing customer service experiences in the hearing care industry. Amplifon, founded in Milan in 1950, has a substantial global presence with over 10,000 shops and a commanding 13% share of the global market in its sector. The funding will be strategically deployed to develop remote management solutions for hearing aids, enable users to conduct self-administered hearing tests, and enhance tools for real-time data collection on device performance. This investment exemplifies CDP's continued dedication to fostering technological progress and digital adoption, ultimately assisting Amplifon in solidifying its market position internationally.
Sectors
- Healthcare Technology
- Investment Banking & Private Equity
Geography
- Italy – The headquarters of Amplifon is in Milan, and the investment comes from an Italian financial institution, Cassa Depositi e Prestiti.
- Global – Amplifon's operations across 26 countries and its impact on the global market are discussed.
Industry
- Healthcare Technology – The article focuses on developments in medical devices and digital healthcare solutions for hearing care, categorizing it under Healthcare Technology.
- Investment Banking & Private Equity – Involvement of Cassa Depositi e Prestiti SpA in financing Amplifon's innovation agenda positions the article within the Private Equity sector.
Financials
- €100 million – The amount invested by Cassa Depositi e Prestiti in Amplifon for innovation and customer experience improvements.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amplifon | Target Company | Company | A leading global company in hearing care services and solutions, headquartered in Milan. |
| Cassa Depositi e Prestiti SpA | Private Equity Firm | Company | An Italian financial institution that supports innovation and growth strategies. |
| European Investment Bank | Financing Partner | Company | An international lender that collaborates on investment projects across Europe. |