Prodways Group (Euronext Paris: PWG), an expert in industrial 3D printing, today announces the finalization of the acquisition of 100% of the share capital of Surdifuse and l’Embout Français. As such, it has become the French leader in customized ear tips for hearing aids.
Born from the merger between Surdifuse and l’Embout Français laboratories in 2017, Surdifuse-L’Embout Français is a major player in the manufacturing of customized ear tips, for which 50% of the production process relies on 3D printing. With nearly 40 employees across two sites in Paris and Lyon, Surdifuse-L’Embout Français has recognized expertise.
Customized ear tips manufacturing techniques are evolving with the acceleration of digital processing and 3D printing. This transaction forms part of the vertical integration strategy led by Prodways Group and strengthens the medical sector, which is a major growth driver in the Products division. Thanks to the merger between Surdifuse-L’Embout Français and Interson-Protac, acquired in 2017, Prodways Group ambitions to become the French leader and one of the European leaders in customized ear tips for hearing aids.
The synergies between these three historic players, under a common brand, will ultimately accelerate the launch of new 3D printed products, strengthen the service offer and customer proximity. The complementary nature of their activities will also enable the Group to achieve critical mass in the hearing protector segment for industry, and accelerate its growth in this buoyant market.
The transaction will be settled entirely in cash. In 2019, this acquisition should generate revenue of more than €3 million and make a positive contribution to the Group’s income.