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Demant
Demant A/S is a Danish international company involved with hearing care, hearing aids and audiometric equipment. It is headquartered in Smørum (northwest of Copenhagen) and had a revenue of kr. 22,400,000,000 in 2024.
Hans Demant buys his first hearing aid to his hearing impaired wife in 1904. He wins a contract with the American manufacturer General Acousticon Company that produces hearing aids called Acousticon. Hans Demant sells his first hearing aids in Odense, Denmark.
After Hans Demant's death in 1910, his widow Camilla and their son William Demant, take over the responsibility of the company. William expands distribution to Finland and Russia. In 1915, William, and his wife Ida Emilie Høst, travels to Russia to sell hearing aids.
William starts the licensed production of hearing aids from General Acoustics Company. The new hearing aid names Acousticus becomes a registered trademark. He then begins to import unassembled hearing aids without wires and batteries, and sets up a production line in Denmark to assemble the devices.
During World War II, William is unable to import good from USA, England and France. He therefore decides to produce components for the latest Acousticon devices in Denmark and start manufacturing the first Danish-made licensed hearing device - the Acousticus - a copy of the original Acousticon model. In 1943, Oticon become the official name of the company. After World War II has ended, the production of hearing aids in Denmark has become a big success, and Oticon establishes an export business. Together with American hearing aid producer Charles Lehman, they establish the American-Danish Oticon Corporation, headquartered in Copenhagen.
In 1957, William and his wife Ida Emilie donate the familiy's shares in the company to "William Demant and wife Ida Emilie's Foundation, also called the Oticon Foundation, which is now called the William Demant Foundation. The Foundation's general aim is charity, with particular emphasis on helping people with a hearing impairment.
During the 1960s, Oticon expands with subsidiaries in The Netherlands, USA, Norway, Switzerland, and Germany. Management also changes during this time, with Bent Simonsen, Henning Mønsted, Torben Nielsen, and Bengt Danielsen taking over Oticon, with Bent Simonsen as General Manager.
Oticon establishes a temporary factory in Skinnerup near Thisted in Denmark. An additional factory in Scotland is also established. Oticon also expands with subsidiaries in France and New Zealand. Eriksholm, Oticon's research centre is established outside of Elsinore in Denmark, in a newly renovated building. At the end of this decade, Oticon is the biggest supplier of hearing aids with a market share of almost 15 percent, and William Demant dies.
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Demant
Demant A/S is a Danish international company involved with hearing care, hearing aids and audiometric equipment. It is headquartered in Smørum (northwest of Copenhagen) and had a revenue of kr. 22,400,000,000 in 2024.
Hans Demant buys his first hearing aid to his hearing impaired wife in 1904. He wins a contract with the American manufacturer General Acousticon Company that produces hearing aids called Acousticon. Hans Demant sells his first hearing aids in Odense, Denmark.
After Hans Demant's death in 1910, his widow Camilla and their son William Demant, take over the responsibility of the company. William expands distribution to Finland and Russia. In 1915, William, and his wife Ida Emilie Høst, travels to Russia to sell hearing aids.
William starts the licensed production of hearing aids from General Acoustics Company. The new hearing aid names Acousticus becomes a registered trademark. He then begins to import unassembled hearing aids without wires and batteries, and sets up a production line in Denmark to assemble the devices.
During World War II, William is unable to import good from USA, England and France. He therefore decides to produce components for the latest Acousticon devices in Denmark and start manufacturing the first Danish-made licensed hearing device - the Acousticus - a copy of the original Acousticon model. In 1943, Oticon become the official name of the company. After World War II has ended, the production of hearing aids in Denmark has become a big success, and Oticon establishes an export business. Together with American hearing aid producer Charles Lehman, they establish the American-Danish Oticon Corporation, headquartered in Copenhagen.
In 1957, William and his wife Ida Emilie donate the familiy's shares in the company to "William Demant and wife Ida Emilie's Foundation, also called the Oticon Foundation, which is now called the William Demant Foundation. The Foundation's general aim is charity, with particular emphasis on helping people with a hearing impairment.
During the 1960s, Oticon expands with subsidiaries in The Netherlands, USA, Norway, Switzerland, and Germany. Management also changes during this time, with Bent Simonsen, Henning Mønsted, Torben Nielsen, and Bengt Danielsen taking over Oticon, with Bent Simonsen as General Manager.
Oticon establishes a temporary factory in Skinnerup near Thisted in Denmark. An additional factory in Scotland is also established. Oticon also expands with subsidiaries in France and New Zealand. Eriksholm, Oticon's research centre is established outside of Elsinore in Denmark, in a newly renovated building. At the end of this decade, Oticon is the biggest supplier of hearing aids with a market share of almost 15 percent, and William Demant dies.