William Demant and Philips in Hearing-Aid Partnership
August 03 2018 - 3:09AM
Dow Jones News
By Dominic Chopping
Danish hearing aid maker William Demant Holding AS (WDH.KO) said
Friday that it has signed a licensing deal with Dutch technology
firm Koninklijke Philips NV (PHG) to bring Philips-branded
hearing-aid products to the global market.
William Demant said the deal will combine its hearing-aid
technology with Philips' global brand presence in health care.
"By partnering with Philips, we get a unique opportunity to take
connected hearing health care to the next level and offer new and
exciting solutions within integrated health-care services to the
benefit of both professionals and people living with hearing loss,"
said William Demant's Chief Executive Soren Nielsen.
Further details of the deal will be communicated at a later
stage, the company said.
Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@domchopping @WSJNordics
(END) Dow Jones Newswires
August 03, 2018 02:54 ET (06:54 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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