With Donation from William Demant Foundation, New Center Aims to be International Trailblazer for Treatment of Hearing and Balance Problems

With a donation of DKK 40 million (approximately $6M USD) from the William Demant Foundation, the Capital Region of Denmark can now consolidate all specialist treatment of hearing and balance problems at a new Copenhagen Hearing and Balance Centre at Rigshospitalet. In the summer of 2020, the Capital Region of Denmark will consolidate all specialist…

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demant acquires earq

EarQ Becomes Part of Demant Group

SYRACUSE, NEW YORK — EarQ, a privately-held, US-based network of hearing healthcare providers, announced today that the company has joined Demant. As an independent business within the Demant Group, EarQ “will continue its successful business strategy without interruption, providing a multi-brand offering of hearing technology under the EarQ brand to a nationwide network of more…

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philips hearlink hearing aids

Demant Announces Launch of Philips Hearing Aids

COPENHAGEN, DENMARK — Demant announced today the official introduction of Philips branded hearing aids to the global hearing aid market. The new Philips brand is entering the hearing healthcare market with a complete range of premium hearing aids, accessories, and applications to best serve hearing aid users. According to the company announcement, the new Philips…

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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 oticon otc

Oticon OTC Hearing Aids? William Demant Says it May Make OTC Devices if US Demand Develops

William Demant Holdings, one of the world’s largest hearing aid manufacturers, said it could start producing less expensive Over-The-Counter (OTC) hearing aids for the U.S. market if demand increases after the OTC legislation goes into effect. North America represents the largest and most lucrative market for Demant, the parent company to well-known hearing aid brand…

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trump tariff hearing aids mexico

Analyst: If Enacted, Trump’s Proposed Mexican Tariffs Could Negatively Impact William Demant

William Demant Holdings, one of the world’s largest hearing aid manufacturers, could be negatively impacted if Donald Trump’s new administration makes good on his claims that the United States needs a “border tax” on goods entering the US from Mexico. According to analyst Michael Friis Jørgensen, in comments to the Danish publication, EuroInvestor, the company…

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William Demant Group Opens New R&D Facility in Poland

WARSAW, POLAND — Danish hearing aid maker, William Demant Group, announced the opening of its new Demant Technology Centre in Poland. The new facility will house the company’s software Research and Development (R&D) division. The location in the new Q22 office building in Warsaw will also house other Demant companies, such as Oticon’s Polish subsidiary, Oticon Polska. The announcement of the new R&D…

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oticon hearing aids

Oticon, Inc. Announces Gary Rosenblum as New President

SOMERSET, NEW JERSEY — Gary Rosenblum has been named the new President of Oticon, Inc., effective today. He succeeds Peer Lauritsen, who retired following more than 40 years of service to the company. Rosenblum, while an outsider to the hearing aid industry, joins the company with an extensive background in consumer-driven medical devices. He most recently served as Vice…

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Sonova Acquires European AudioNova in Largest Ever Hearing Aid Retail Deal

Sonova announced on May 4 the acquisition of European behemoth, AudioNova, for € 830 million ($954 million). It is reported to be the largest transaction ever in the hearing aid retail market and makes Sonova-owned retail approximately the same size as retail leader, Amplifon.  Following this acquisition, Sonova will have over 3,300 stores worldwide with…

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amplifon

Amplifon Bidding for AudioNova: Bloomberg Report

MILAN, ITALY — According to an April 1 report in Bloomberg, Amplifon SpA has secured financing for a bid for major European hearing aid retailer AudioNova. Amplifon, which owns major US hearing aid retailer Miracle Ear, as well as the Elite Hearing Network, appears ready to compete directly with likely bids coming from major hearing aid manufacturers William…

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