William Demant (CPH:WDH) said this week that it inked a deal to market its line of hearing aid devices under Royal Philips (NYSE:PHG) brand. Denmark-based Demant said that Amsterdam-based Philips will offer a complete range of hearing aids, accessories and applications under the Philips HearLink brand “Based on a shared vision of improving the lives of people through […]
William Demant Holding
William Demant to boost share of fast-growing hearing implants market
(Reuters) – William Demant, the world’s second-largest maker of hearing aids, pins its growth ambition on the fast-increasing market for hearing implants, the Danish firm’s incoming chief executive told Reuters on Friday. “We are of course not in this to have a 2% market share… 10% is a good ambition for a start, but we […]
William Demant moves hearing aid production from U.S., Denmark to Poland, Mexico
William Demant (CPH:WDH) plans to shift production from the U.S. and Denmark to Poland and Mexico to cut costs by around $30 million (DKK200 million) a year, the Danish hearing aid maker said today. A plant in Eagan, Minn., has already closed and operations in Thisted, Denmark, are slated to be moved to Poland before the end of 2018, meaning job cuts for […]
Hearing aid group William Demant looks for more retail deals
(CORRECTED June 8, 2016, to reflect that Costco slashed prices on its own-brand products, not Sonova’s, in 6th paragraph) (Reuters) – Hearing aid maker William Demant is looking for more retail acquisitions to increase control over the sale of its products and fight competition from discount chains such as Costco. The group will not hesitate to […]
Sonova buys AudioNova in $953m deal
(Reuters) — Swiss hearing aid maker Sonova Holding AG (SIX:SOON) is buying Dutch-based AudioNova for €830 million ($953 million), its largest acquisition, to expand a network of European stores where it will jettison rivals’ products in favor of its own. The cash deal to buy AudioNova from Curacao-based investment company HAL Holding N.V. will add 1,300 […]