Tag: Soren Nielsen

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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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Demant A/S Releases 2021 Interim Financial Report

Based on expectations that “its strong business momentum and market share gains in Hearing Healthcare will continue in H2 – despite tailwind from the French reform not recurring to the same extent as in H1 – Demant upgrades its guidance for the Group’s organic growth rate for 2021 to 26-30% (previously 24-28%).”

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