KIND, Demant's biggest ever acquisition brings Danish group key leverage in Central Europe

Demant's €700m purchase of one of the world's leading retailers of hearing aids - KIND - was announced on June 11 with a flurry of global expansion claims and bold financial expectations: the acquisition "will contribute revenue of around EUR 300 million to the Demant Group in 2026". Demant's strategy of expanding its global position in hearing care now further pinpoints its focus on Germany, one of the largest markets (around 1.7 million units sold annually).  KIND operates around 600 hearing care clinics in Germany, and the acquisition also encompasses around 30 KIND clinics in Switzerland, and a smaller number of clinics in Austria, Luxembourg and Singapore.   "A unique strategic fit"   Demant and KIND have in fact been partners for more than two decades, so the integration of the KIND Group into Demant, which brings on board around 650 hearing care clinics employing more than 3,000 people, is a consolidation of a stable relationship. While the...