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Demant to Acquire KIND Group, Expanding Global Hearing Care Network
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3 Articles
Demant to Acquire KIND Group, Expanding Global Hearing Care Network
COPENHAGEN, DENMARK – Demant has signed an agreement to acquire KIND Group, one of the world’s leading hearing aid retailers, in a deal valued at EUR 700 million (~$803B USD). The acquisition, which is the largest in Demant’s history, will significantly expand the company’s global hearing care business to more than 4,500 clinics worldwide. KIND operates around 650 clinics and employs approximately 3,000 people. Headquartered in Großburgwedel nea…
Copenhagen/Großburgwedel – The hearing aid chain Kind is being acquired by Danish industry giant Demant. The buyer announced that a corresponding agreement was signed today. The Danes intend to pay €700 million for the family-owned company. With the acquisition, Demant primarily aims to strengthen its presence in the German market...
Copenhagen/Großburgwedel (dpa) – The hearing aid chain Kind is taken over by the Danish industry giant Demant. An agreement was signed today, the acquirer announced. The Danes want to pay 700 million euros for the family business. With the takeover Demant wants to improve its presence on the German market, where the child with around 600 branches is one of the largest suppliers. The takeover is expected to be completed in the second half of the …
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