Dhais Plc, a Cardiff-based specialist in hearing products, has acquired Merseyside-based rival Hearsavers for £100,000.
Dhais Plc, a Cardiff-based specialist in hearing products, has acquired Merseyside-based rival Hearsavers out of administration for £100,000.
Southport-based Hearsavers operates hearing test facilities in Matalan stores across the UK. The company generated a turnover of £1.5 million in the year ending March 2009.
Mark Moss, chairman of Dhais, said: “We will continue to evaluate further opportunities for expansion of our retail stores within the hearing and mobility sector, while maintaining our key marketing operations and extending our product range to customers within our centres.”
Moss added: “We are committed to continue building a diversified business with a focus on shareholder value.”
In the six months to December 2008, Dhais reported revenues of £1.3 million and operating profits of £132,000.