William Demant pays $73.9M for French cochlear-implant maker

04/4/2013 | Clinica (subscription required)

William Demant has agreed to pay $73.9 million to acquire Neurelec, a French maker of cochlear implants. The acquisition will allow William Demant to make inroads in the cochlear-implant market, which the company said has "significant, long-term growth potential" as demonstrated by the more than 10% annual growth rate seen for the sector in recent years.

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