MedWatch

Demant buys 20 percent of Chinese firm, eyes full purchase later

Danish hearing aid manufacturer Demant is planning to take over the entirety of Chinese hearing aid clinic network Shengwang, but has started off by acquiring 20 percent.

Photo: Demant / PR

On Friday, Danish hearing aid manufacturer Demant announced the acquisition of 20 percent of shares in Shengwang, a network of hearing aid clinics in China, a company press release reports.

Demant and Shenwang are in dialog on buying the remaining 80 percent before the end of H1 2022.

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