Demant sees reason in consolidating the hearing aid manufacturing industry

Arguments for merging large players on the hearing aid market are many, says Demant Chief Executive Søren Nielsen, though he declines to comment specifically on a speculated GN acquisition

Søren Nielsen, CEO of Demant | Photo: Demant / Pr

by albert rønning-andersson, translated by daniel pedersen

Consolidating the hearing aid industry – dominated today by the Big Five, including Sonova, Demant, WS Audiology, and the two smaller firms, GN Hearing and Starkey – makes sense in the eyes of Demant Chief Executive Søren Nielsen.

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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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