Amplifon S.p.A. (BIT:AMP) entered into definitive agreement to acquire Bay Audio Pty Ltd. from Peter, Anya Hutson and other shareholders for AUD 550 million on July 12, 2021. The consideration is cash free debt free basis. Amplifon will finance the transaction with available cash. As of May 31, 2021, Bay Audio Pty Ltd has reported revenues of AUD 100 million and EBITDA of AUD 30 million. The transaction is expected to close in fourth quarter of 2021.