Overview
- The approval allows Demant to combine Kind’s roughly 600 German stores with about 350 of its own, yielding approximately 950–1,000 locations nationwide.
- Cartel office chief Andreas Mundt reported concerns in 15 regional markets, but their limited size did not justify blocking the overall deal under German law.
- Germany hosts more than 7,000 hearing-acoustics locations, with major rivals such as Sonova’s Geers and Amplifon operating hundreds of stores.
- The Kind brand will continue after the transaction, while the founding family plans to withdraw from the company.
- Kind and Demant agreed to the acquisition in June, and Demant’s German network includes regional banners such as Audika and Ritter.