NORD Holding has sold its majority stake in OHRWERK Group, a leading premium hearing acoustics platform in Germany, to Demant A/S, enhancing Demant's presence in the hearing health care sector.
Information on the Target
The OHRWERK Group, founded in September 2020, is a leading buy-and-build platform in Germany's premium hearing acoustics market. Established by NORD Holding in collaboration with an experienced management team, the OHRWERK Group has expanded through 17 acquisitions and several new openings, growing its network to 77 specialist stores across Germany. Emphasizing premium services and exceptional customer care, OHRWERK sets new industry standards and is recognized as an attractive employer and 'Good Home' for hearing care professionals and sales staff.
Industry Overview in Germany
The German hearing care industry is characterized by a strong demand for high-quality hearing solutions, driven by an aging population and increasing awareness of hearing health. The market has seen substantial growth, with a diverse range of providers offering innovative products and services. In recent years, the demand for premium hearing aids has surged, as consumers are seeking devices that provide enhanced auditory experiences and superior service.
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Competition in this sector is intensifying, with numerous players vying for market share. The need for differentiation through quality and patient care has become paramount for suc
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