Sign inWhat might Demant's big buyout of the KIND retail group mean for the UK?
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”.
iStock - izold /CC/ composition:Marylin Cayrac
As a model of hearing care delivery, retail chains of practices are now the dominant model across much of Western and Central Europe. Traditional models and, crucially, independent practices are being squeezed and erased. Accelerating consolidation away from fragmented older models, Demant's €700million acquisition of KIND's 650-plus stores dramatically shifts the balance in Germany and Central Europe. The bigger picture revolves around how strategically desirable the move is seen by other entities in the hearing market with the clout to seal such deals.
What could a consolidation of retail models mean for the UK?
[caption id="attachment_140412" align="alignright" width="300"] Demant CEO Søren Nielsen© Demant[/caption]
Demant President and CEO, Søren Nielsen described...
This content is reserved for subscribers to Audiology Worldnews
Already subscribed Log in
