Demant to divest hearing implant division to Cochlear

Hearing aid manufacturer Demant has announced it will sell its hearing implant business, Oticon Medical, to Cochlear for a total sum of DKK 850m (USD 121.5m). (Updated)

by christian bundgaard, translated by daniel pedersen

On Wednesday, hearing aid manufacturer Demant has announced its intention to divest its hearing implant business, Oticon Medical, which was established in 2007, the company reports in a press release.

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Former Demant Executive Vice President Arne Boye Nielsen was found responsible for creating an "unsafe psychological work environment" in an internal legal investigation. | Photo: Demant / Pr

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