UK competition authority approves principles of amputated Demant deal with Cochlear

After a long and arduous process, the UK Competition and Markets Authority (CMA) has given the go-ahead for Demant’s proposal for an amputated sale to Australia’s Cochlear.

Demant can now look forward to handing over its implant products to Cochlear. | Photo: Demant / Pr

by ULRICH QUISTGAARD

The UK’s Competition and Markets Authority (CMA) has now finally approved a proposal for a scaled-down transfer of Oticon Medical to Australian Cochlear, according to a statement from the CMA.

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Difficult sales process has cost Demant dearly in legal and consultancy fees
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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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