Demant completed the acquisition of ShengWang for £172m.

Demant, a hearing healthcare and technology Group, completed the acquisition of ShengWang, service provider of hearing aid clinics, for £172m. “I am very excited to welcome more than 1.3k new employees to the Demant Group with the acquisition of ShengWang. China is on a clear path to becoming one of the two biggest hearing aid markets in the world in this decade, and ShengWang is already a strong and trusted business partner for Demant and has been so for several years. I look forward to continuing our strong collaboration to provide even better hearing healthcare to more Chinese users in the future,” Søren Nielsen, President & CEO of Demant.