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Cochlear relieves Demant of loss-making implant division

Until now, Oticon Medical has been ”strategically important” for Demant, but hasn’t performed on par with expectations. Consequently, the subsidiary will be divested from its parent company, whose CEO says the deal made with the Australian firm is sound.

Photo: Jens Dresling

It is ostensibly not a growing business leg being removed from its parent company.

Danish hearing aid manufacturer Demant is getting rid of its subsidiary Oticon Medical, selling it for DKK 850m (USD 121.5m) to Australian hearing implant firm Cochlear.

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