Oticon

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Oticon A/S
Company type Subsidiary (A/S)
Industry Medical devices
Founded1904;121 years ago (1904)
FounderHans Demant
Headquarters
Smørum, Egedal
,
Denmark
Products Hearing aids
Number of employees
3,000+
Parent Demant A/S
Website oticon.global
Oticon hearing aid Intra aural hearing aid Wellcome L0065955.jpg
Oticon hearing aid

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.

Contents

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]

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

  1. ↑ "Oticon Hearing Aids". Apex Hearing. Retrieved 6 May 2014.
  2. ↑ "Oticon A/S: Spaghetti Organization and Beyond". IBS Center for Management Research. Retrieved 12 September 2012.
  3. ↑ "Case Study: Revolution at Oticon A/S: The Spaghetti Organization (Condensed)". Harvard Business Review. Retrieved 10 September 2012.
  4. ↑ Peters, Tom (January 1994). Liberation Management . United States: Ballantine Books. p.  880. ISBN   0-449-90888-7.
  5. ↑ Ewing, Jack (6 August 2007). "Denmark's Masters of E-Mail Marketing". Bloomberg Businessweek. Archived from the original on 9 July 2012. Retrieved 12 September 2012.
  6. ↑ Poulsen, Per Thygesen (1993). Tænk det utænkelige: Revolutionen i Oticon. Denmark: Schultz Erhvervsbøger. p. 174. ISBN   87-569-7920-7.
  7. ↑ Tænk det utænkelige: Revolutionen i Oticon. 1993. ISBN   9788756979207 . Retrieved 12 September 2012.
  8. ↑ "Think the Unthinkable (in Danish: Tænk det utænkelige!)". Kolind Kuren. Retrieved 12 September 2012.
  9. ↑ Morsing, Mette; Eiberg, Kristian (1998). Managing the Unmanageable for a Decade. Denmark: Oticon A/S. p. 244.
  10. ↑ "Oticon Medical – A company founded on care". earcommunity.org. Retrieved 24 March 2022.
  11. ↑ "Our history". www.demant.com. Retrieved 24 March 2022.
  12. ↑ "Oticon Medical bone-anchored hearing devices". Healthy Hearing. Retrieved 24 March 2022.
  13. ↑ Apr 2; Ear, 2013 | Behind the; Implants, Cochlear; News | 0 |, Industry (2 April 2013). "William Demant Acquires Neurelec, a French Manufacturer of Cochlear Implants". The Hearing Review. Retrieved 24 March 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ↑ Ogg, Matt (27 April 2022). "Cochlear to acquire loss-making Oticon Medical for $170 million". Business News Australia. Retrieved 6 May 2022.
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