Oticon
Danish hearing aid manufacturer
From Wikipedia, the free encyclopedia
Oticon is a Danish hearing aid manufacturer based near Copenhagen in Denmark. The company is a subsidiary of Demant A/S. It was founded in 1904 by Hans Demant, whose wife was hearing impaired.
| |
| Company type | Subsidiary (A/S) |
|---|---|
| Industry | Medical devices |
| Founded | 1904 |
| Founder | Hans Demant |
| Headquarters | Smørum, Egedal , Denmark |
| Products | Hearing aids |
Number of employees | 3,000+ |
| Parent | Demant A/S |
| Website | oticon |
Oticon has branches in several countries, including a production plant in Poland, with more than 3,000 employees worldwide.[1] The company claims to be the world's second-largest manufacturer of hearing aids, and it uses a management style known as "spaghetti organization",[2][3] which was introduced by Lars Kolind[4][5][6] under his leadership between 1988 and 1998.[7][8][9]
In 2018 Oticon was fined AUD$2.5 million and they were forced to apologise for misleading customers in Australia about hearing aids and their technology.[10]
Oticon Medical
Oticon Medical is a sister company of Oticon, both being subsidiaries of the Demant Group.[11] Whereas Oticon specialises in hearing aids, Oticon Medical specialises in hearing implants and released its first products in 2009.[12] The company's Ponto bone conduction implant is now in its fifth generation.[13]
In 2013, Oticon Medical acquired Neurelec, a French producer of cochlear implants.[14]
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.[15]
