Hearzap is set to aquire Amplifon India (Image: ET Manufafcturing)
Bengaluru: Hearzap, a hearing care services provider, has signed an agreement to acquire Amplifon India, the Indian arm of Italian hearing care retailer Amplifon, as it looks to expand its footprint across the country.
The deal, backed by Hearzap’s investor 360 ONE Asset Management, will add around 240 Amplifon India points of sale to Hearzap’s existing network. Following the acquisition, the combined entity is expected to operate around 420 hearing care centres across India, supported by more than 1,000 service providers, said the company in a statement.
Amplifon India generates annual revenue of around Rs 120 crore and has nearly 460 service providers, according to the company. Post integration, the combined business is expected to cross Rs 230 crore in topline revenue, the statement said.
“This is a defining moment for all of us at Hearzap,” said S Raja, founder of Hearzap in the statement. “As we bring together the strengths of both organisations, we look forward to shaping the future of hearing care in India with compassion, excellence, and a shared sense of purpose.”
He added that the company plans to invest further in audiology talent, customer engagement, and technology-led hearing care services.
Hearzap said the acquisition will strengthen its position in India’s organised hearing care market by combining its technology-enabled platform with Amplifon India’s clinical expertise and established customer base.
The company is targeting revenue of around Rs 250 crore by the end of the current financial year and aims to scale to nearly Rs 500 crore by financial year (FY) 2029. It also expects its network footprint to approach 500 hearing care centres by 2027.
Amplifon, headquartered in Milan, operates hearing care centres across more than 25 countries globally.
The deal, backed by Hearzap’s investor 360 ONE Asset Management, will add around 240 Amplifon India points of sale to Hearzap’s existing network. Following the acquisition, the combined entity is expected to operate around 420 hearing care centres across India, supported by more than 1,000 service providers, said the company in a statement.
Amplifon India generates annual revenue of around Rs 120 crore and has nearly 460 service providers, according to the company. Post integration, the combined business is expected to cross Rs 230 crore in topline revenue, the statement said.
“This is a defining moment for all of us at Hearzap,” said S Raja, founder of Hearzap in the statement. “As we bring together the strengths of both organisations, we look forward to shaping the future of hearing care in India with compassion, excellence, and a shared sense of purpose.”
He added that the company plans to invest further in audiology talent, customer engagement, and technology-led hearing care services.
Hearzap said the acquisition will strengthen its position in India’s organised hearing care market by combining its technology-enabled platform with Amplifon India’s clinical expertise and established customer base.
The company is targeting revenue of around Rs 250 crore by the end of the current financial year and aims to scale to nearly Rs 500 crore by financial year (FY) 2029. It also expects its network footprint to approach 500 hearing care centres by 2027.
Amplifon, headquartered in Milan, operates hearing care centres across more than 25 countries globally.
