demant name change

William Demant Group Posts Strong Annual Results; Seeks to Change Name to Demant

William Demant Holdings, the parent company of the Oticon, Sonic, and Bernafon brand of hearing aids, posted a consolidated revenue of approximately $2.1 billion US for 2018 (DKK 13,937 million), according to its 2018 Annual Report. Consolidated revenue for 2018 corresponded to a growth rate of 6%, compared with 2017. The company reported significant organic…

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william demant philips healthcare partnership

William Demant Announces Partnership with Philips

COPENHAGEN, DENMARK – The parent company of the Oticon, Sonic, and Bernafon brand of hearing aids, William Demant, announced this week that it has entered into a licensing agreement with Philips. The agreement will “bring Philips-branded solutions to hearing healthcare”. According to the press release, the new partnership will leverage William Demant’s leading role in…

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