Oticon
Danish hearing aid manufacturer From Wikipedia, the free encyclopedia
Oticon is a hearing aid manufacturer based in Copenhagen, Denmark. Oticon is a subsidiary of Demant A/S. Oticon was founded in 1904 by Hans Demant, whose wife was hearing impaired. The company claims to be the world's second-largest manufacturer of hearing aids, and uses a management style known as "spaghetti organization"[1][2] introduced by Lars Kolind[3][4][5] under his leadership between 1988 and 1998.[6][7][8]
| |
| Founded | 1904 |
|---|---|
| Founder | Hans Demant |
| Headquarters | Smørum, Egedal , Denmark |
| Products | Hearing aids |
Number of employees | 3,000+ |
| Parent | Demant |
Oticon has branches in several countries, including a production plant in Poland, with more than 3,000 employees worldwide.[9]
Oticon Medical
Oticon Medical is a sister company of Oticon, both being subsidiaries of the Demant Group.[10] Whereas Oticon specialises in hearing aids, Oticon Medical specialises in hearing implants and released its first products in 2009.[11] The company's Ponto bone conduction implant is now in its fifth generation.[12]
In 2013, Oticon Medical acquired Neurelec, a French producer of cochlear implants.[13]
In April 2022, Demant announced it had agreed to sell Oticon Medical to Australian company Cochlear Limited for DKK850 million and would exit the hearing implant business.[14]
References
External links
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