Demant to acquire KIND for €700m.

Demant, a Denmark-based hearing healthcare company offering hearing aids, diagnostics, and care services, agreed to acquire KIND, a German-based hearing care provider, for €700m. “As a family business, our foremost responsibility has always been to ensure the long-term success and stability of the company. By joining forces with Demant, we have found the ideal partner to carry our legacy forward. Combining both businesses will secure a leading position in the German hearing care market. Demant brings the strength, scale, and expertise needed to secure lasting value for our employees, our customers, and the business as a whole. Our company is now better positioned for the future, and in the best possible hands. As a family, we are deeply reassured knowing the values that built our business will continue to thrive,” Dr. Alexander Kind, KIND Owner and CEO.