MED-EL acquires BHM-Tech to further strengthen its expertise in innovative hearing solutions
September 12, 2024 – (Innsbruck, Austria): MED-EL, a global leader in hearing implant solutions, is excited to announce the acquisition of Austrian BHM-Tech, which took place in July 2024. A renowned expert for bone conduction hearing systems, BHM-Tech, headquartered in Grafenschachen (Burgenland, Austria), offers innovative solutions for people with hearing loss.
The acquisition further strengthens MED-EL’s position in the hearing solutions sector, broadening its product portfolio with sophisticated bone conduction technologies. It also emphasizes MED-EL’s commitment to continuously developing and offering innovative, high-quality hearing solutions designed to enhance the quality of life for people with hearing loss.
Seamless transition
After the successful handover of his company, BHM founder Franz Berl will retire. To ensure a smooth transition, he will continue to offer his know-how as a consultant. Markus Hütter, an experienced MED-EL employee for many years, was appointed as the new Mangaging Director for BHM-Tech. “We look forward to integrating BHM-Tech’s innovative product portfolio into the MED-EL family”, Hütter says. “Together, we will further advance the future of hearing technology and continue to offer first-class hearing solutions to our customers.”
All BHM-Tech employees will stay in their positions and continue working in their familiar surroundings. This underlines MED-EL’s commitment to continuity and the advancement of innovative technologies and its appreciation for the BHM-Tech team’s expertise.
Combined know-how
The acquisition helps MED-EL meet the needs of people with hearing loss even better, as BHM-Tech’s cutting-edge bone conduction technology provides additional options. With its comprehensive know-how and international network, BHM-Tech will continue to advance innovations in its specialised field.
Both MED-EL and BHM-Tech welcome the merger of two Austrian companies with a long-standing tradition and emphasize their joint efforts to advance and improve hearing solutions globally.
Financial details on the acquisition are confidential and will not be disclosed by either party.
Caption: Ingeborg Hochmair, founder and CEO of MED-EL, and Franz Berl, founder of BHM-Tech, are signing the acquisition agreement.
About BHM
BHM – the Berl Hörgeräte Manufaktur – develops high-quality hearing aid systems, carefully manufactured by hand in Austria and distributed around the world. Its core competence – the continual development and precise manufacture of hearing systems and bone conductors – combines craftmanship with high-end technology. As a trailblazer in hearing aids, accessories and precision components for the medical technology field, BHM also produces highly sophisticated micro-components and components for hearing and prosthesis parts. Many years of experience and its commitment to perfectionism make BHM a globally sought-after specialist in bone conduction and special hearing systems. www.bhm-tech.at
About MED-EL
MED-EL Medical Electronics, a leader in implantable hearing solutions, is driven by a mission to overcome hearing loss as a barrier to communication and quality of life. The Austrian-based, privately owned business was co-founded by industry pioneers Ingeborg and Erwin Hochmair, whose ground-breaking research led to the development of the world’s first micro-electronic multi-channel cochlear implant (CI), which was successfully implanted in 1977 and was the basis for what is known as the modern CI today. This laid the foundation for the successful growth of the company in 1990, when they hired their first employees. To date, MED-EL has more than 2,800 employees from around 80 nations and 30 locations worldwide.
The company offers the widest range of implantable and non-implantable solutions to treat all types of hearing loss, enabling people in 137 countries enjoy the gift of hearing with the help of a MED-EL device. MED-EL’s hearing solutions include cochlear and middle ear implant systems, a combined electric acoustic stimulation hearing implant system, auditory brainstem implants as well as surgical and non-surgical bone conduction devices. www.medel.com
CEO
Doz. DI Dr DDr med. h.c. Ingeborg Hochmair
Press Contact
PR & Corporate Communications
MED-EL Medical Electronics
Fürstenweg 77a
6020 Innsbruck
Austria
T: +43 5 7788
E: [email protected]
