US EditionSennheiser and the company that now makes its audiophile headphones have just been fined €6 million over price fixing
- In March 2022, Sonova completed the acquisition of the consumer division of Sennheiser in Germany for €200 million.
- The Bundeskartellamt determined that Sennheiser had been involved in price coordination starting in 2015, and Sonova maintained this practice until the antitrust probe began in September 2022.
- The concerted price fixing involved manufacturers and merchants restricting free pricing of premium headphones to end-users.
- Bundeskartellamt president Andreas Mundt noted that when people think of illegal cartels, they typically consider arrangements made between competitors operating at the same level of the market.
- Authorities fined Sennheiser and Sonova nearly €6 million, aiming to deter practices that harm consumers by hindering price competition.
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Sennheiser must pay six million euros penalty
Due to illegal price agreements, Sennheiser, a company known especially for its headphones, has to pay a fine of six million euros in Germany. The manufacturer of audio products has for many years intervened with dealers in order to achieve higher prices in the store, the German Antitrust Office announced. Since at least 2015, the company based in Wedemark near Hanover has regularly observed the sales prices of its own products. Dealers, which s…
·Vienna, Austria
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