DEMANT

Demant A/S's Oticon unit on Wednesday launched a new line of hearing aids featuring artificial intelligence and enhanced connectivity options, aiming to bolster its product portfolio amid a competitive market.

Danish hearing-aid maker Demant A/S said it has agreed to sell its Oticon Medical business to investment firm Impilo, concluding a multi-year effort to exit the hearing implants market that was complicated by regulatory hurdles.

Demant A/S Chairman Niels B. Christiansen will step down next year, the Danish hearing-aid maker said Thursday, concluding a 17-year tenure on the board.

Danish hearing-aid maker Demant A/S cut its full-year financial outlook, citing soft market conditions, intense competition, and lower sales to a major U.S. retailer.

Danish hearing-aid maker Demant A/S cut its full-year financial outlook, citing soft market conditions, intense competition, and lower sales to a major U.S. retailer.

Danish hearing-aid maker Demant A/S said Wednesday it has agreed to acquire German retailer KIND Group for 700 million Euros in its largest-ever deal, significantly expanding its footprint in one of the world's biggest hearing care markets.