Demant Sees Strong Growth in the First Quarter of 2023
Demant announced a strong financial performance in Q1 of 2023 with reported growth of 20% overall for the group.
Tag: Demant
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Demant Announces Full Acquisition of ShengWang
Demant announced the acquisition of the remaining 80% of the shares in ShengWang, thereby taking full ownership of the network of hearing aid clinics in China. This follows the 20% minority investment announced on March 4, 2022 and represents what the company says is “a significant strategic transaction in Demant’s continuous journey within hearing healthcare.”
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Jes Olsen, Oticon Medical President, To Retire
Olsen, who has been with the Demant Group since 1985 and has spearheaded Oticon Medical since the establishment of the company in 2008, will continue in an advisory role for Oticon Medical to ensure a smooth transition.
Demant Group Companies Hit by Cyber Attack
Companies in the Demant Group, which include Oticon, Sonic Innovations, and Bernafon, were the victims of a cyber attack that affected their IT infrastructure on September 3. The group was forced to shut down its IT systems across multiple sites and business units to contain the issue last week.
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Philips Hearing Aids Introduced by Demant
The Philips brand portfolio–one of the world’s best known and leading health technology brands–will enter the hearing aid market in a complete range of Philips HearLink premium hearing aids. Demant, the exclusive hearing aid brand licensee of Philips, looks to the potential of addressing new segments on a global scale combining first-class hearing technology with a well-known brand.
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William Demant Reports 6% Growth from Previous Year in 2018 Annual Report
In William Demant’s 2018 Annual Report, the company details consolidated revenue for 2018 of DKK 13,937 million (approximately USD$2.1 billion), corresponding with what they say is a 6% growth rate from 2017. Organic growth was up by 7 percentage points, while acquisitive growth increased by 2 percentage points and exchange rate effects with -3 percentage points.
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Widex-Sivantos EU Merger Application Reopened
The merger is expected to take place in the first quarter of 2019.
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‘Bloomberg’ Reports Drop in Shares of Three Large Hearing Aid Companies
Shares of three large hearing aid companies—GN Store Nord A/S, William Demant Holding A/S, and Sonova Holding AG—dropped significantly on Monday, according to an article on ‘Bloomberg.’
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'Bloomberg' Reports Drop in Shares of Three Large Hearing Aid Companies
Shares of three large hearing aid companies—GN Store Nord A/S, William Demant Holding A/S, and Sonova Holding AG—dropped significantly on Monday, according to an article on ‘Bloomberg.’
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William Demant and Philips Enter into Hearing Aid Branding Partnership
William Demant—parent group of Oticon, Sonic, and Bernafon—has announced a licensing agreement with Philips to bring Philips-branded solutions to hearing healthcare. Combining William Demant’s hearing aid technology with Philips’ global brand presence in healthcare, the cooperation will enrich the hearing healthcare experience and support the healthy lifestyle and active life of even more people with hearing loss, say the companies.
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25 Years of Mergers and Acquisitions in Hearing Healthcare
The hearing healthcare field was recently surprised by the announcement that Widex and Sivantos (formerly Siemens) plan to merge their companies. However, the hearing healthcare industry has always been in constant flux, with many mergers and acquisitions (M&As) during the past 25 years. Here is a select list of industry M&As since 1994.
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Industry Consolidation, Act 2?
It’s possible we will see more major M&As and “Industry Consolidation, Act 2” in the next several years.
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Survival Strategies in a Competitive Hearing Healthcare Market
To formulate any reasonable strategy for thriving in today’s hearing healthcare market, it is useful to understand where we are today, how we got here, and what might come in the future. Part 1 of this 2-part article offers a perspective about how industry consolidation has changed the hearing healthcare market and the current major trends that could influence the future strategies of an independent practice owner.
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Sivantos and Widex Announce Plans to Merge
Sivantos and Widex have agreed to terms for merging the two companies. The combined company—pending what will probably be a long and possibly uncertain regulatory approval process—would position it on par with current global market leaders Sonova and William Demant Holding, with a worldwide market share of around 24-25% and revenues of approximately $1.9 billion.
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Your Hearing Network Appoints Cindy Beyer, AuD, as VP, Contracting and Compliance
YHN is a national network of hearing healthcare professionals with nearly 5,000 affiliates, that allows independent providers to generate and maximize patient opportunities while maintaining practice autonomy.
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Søren Nielsen Appointed New President & CEO of WDH; Niels Jacobsen Named CEO of William Demant Invest
Niels Jacobsen, long-time president and CEO of William Demant Holding (WDH), has decided to step down after 25 years as member of the Executive Board in WDH to become CEO of William Demant Invest A/S. Søren Nielsen, the current COO of WDH, will become the Group’s new president and CEO, with the management changes taking effect April 1.
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GN ReSound, William Demant Settle All Patent Disputes
GN ReSound A/S and William Demant Holding A/S, both in Denmark, jointly announced that they have reached an agreement to settle all patent disputes between the two companies, thereby terminating all patent litigations—in Europe, including Denmark, and in North America—with immediate effect.
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Blog: GN vs WDH Latest Patent War Involves Datalogging in Germany
News about a new patent lawsuit in Germany between GN and WDH concerning datalogging, and a perspective on the recent patent war between the two companies.
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