GN Fashion Show Collaboration Combats Hearing Aid Stigma
As part of the GN x HAN Kjøbenhavn collaboration, two models with hearing loss walked the runway at Copenhagen Fashion Week.
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GN Signs Deal to Divest BelAudição
GN signed an agreement to divest Portuguese hearing aid retailer BelAudição, Unipessoal Lda (“BelAudição”) to MCH Private Equity.
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GN Launches Jabra Enhance Pro Hearing Aids at Costco
GN announced the launch of Jabra Enhance Pro, “a new, premium hearing aid line-up” to be launched in more than 700 Costco Hearing Aid Centers around the world. This solution “makes it easier for people to take action and tackle the challenges of hearing loss,” according to GN's announcement.
Anders Hedegaard Resigns as CEO of GN Hearing
GN Hearing CEO Anders Hedegaard has resigned after accepting a position as CEO in another company outside of the hearing industry. Marcus Desimoni will act as interim CEO of GN Hearing, in parallel with his role as CFO of GN Store Nord and GN Hearing, until a new CEO for GN Hearing is appointed.
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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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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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GN Reports 12% Revenue Growth in 2016, 6% Organic Growth
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 Otometrics to be Sold to Natus Medical
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, 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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GN Reports Solid Organic Revenue Growth for Q3; Concludes Financial Fraud Investigation of Beltone
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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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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Todd Murray Resigns from GN and Beltone
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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WDH & GN Post First-Half Results; Cool Reaction from Investment Community
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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An Independent Practice’s Guide to Battling Big Box Retail and Commoditization in Hearing Healthcare
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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