Cochlear and GN have expanded their Smart Hearing Alliance partnership to enhance joint R&D efforts, leveraging AI and deep neural networks to develop advanced, integrated hearing solutions for cochlear implant and hearing aid users.
Lively has rebranded to Jabra Enhance and launched a new website, JabraEnhance.com, as an online destination for better hearing enabling consumers to explore, purchase and receive hearing care from home.
The report includes GN Store Nord A/S, GN Store Nord, GN Hearing, and GN Audio.
It’s possible we will see more major M&As and “Industry Consolidation, Act 2” in the next several years.
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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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GN Store Nord announced in its fiscal 2016 results that the company experienced a revenue increase of 12% to $1.24 billion (DKK 8,651 million), with 6% of that being organic growth. GN Hearing reports that it gained market share in 2016 for the 6th consecutive year, underlining the company’s continuing strong momentum.
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GN Hearing is selling GN Otometrics to Natus Medical for $145 million. The combination of Natus and Otometrics creates a global leader in hearing assessment, hearing screening, and balance assessment, says Natus President and CEO Jim Hawkins.
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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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GN reports that full year organic growth and EBITA guidance are maintained for GN ReSound and GN Netcom, with growth likely ending in the low end of the 3%-5% organic growth range. The investigation regarding the accounting fraud committed by the former VP of Finance at Beltone has now been finalized, and confirms what was communicated in the Interim Report Q2 2015. Teleconference scheduled for today (Oct. 30) at 2:00 PM CET.
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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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Todd Murray, a well-respected and long-time leader in the hearing industry, has decided to resign from his position as president of Beltone and GN North America senior vice president. GN says it respects his decision and wishes him the best in his future endeavors.
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William Demant Holding and GN Store Nord increased their market share, posted what might be viewed within the industry as impressive gains, and confirmed their financial guidance; however, the financial community had expected more and gave the results a cool reception.
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Audiologist Gyl Kasewurm, AuD, says she is convinced independents can and will survive in the era of big box stores in the hearing healthcare market. Her opinion article in the July 2014 Hearing Review explains why.
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