Demant's divestment of implant business drags out

Cochlear will have to wait longer to get its hands on the Danish hearing aid manufacturer’s implants division, as the planned acquisition now won’t be completed before 2023.

by andreas lønstrup, translated by daniel pedersen

In April, Demant announced it was selling its Hearing Implants division, which the Danish hearing aid manufacturer had had for 15 years, to Cochlear for DKK 850m (USD 112m).

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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. | Foto: Demant / Pr

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