Denmark. William Demant Holding A/S
| Date of agreement: | 09 Dec 2015 |
|---|---|
| Country: | Denmark |
| Customer: | William Demant Holding A/S |
| Amount in DKK: | DKK 600 million |
| Amount in EUR: | EUR 80.4 million |
| Maturity: | 7 years |
| NACE sector / loan type: | Research and development |
Project
The loan is provided to finance William Demant’s research and development activities in 2015–2016.
The company’s current R&D programme focuses on designing new wireless hearing devices and research into more effective acoustic implants. To improve the company’s technologies and products, the programme is being conducted in close cooperation with several universities and research centres as well as the corporate sector.
William Demant Holding A/S is an internationally leading company in the field of modern hearing solutions. Listed on the NASDAQ Copenhagen since 1995, the group develops and manufactures hearing aids, diagnostic instruments and audiometric equipment to aid personal communication.
Fulfilment of NIB's mandate
William Demant’s R&D programme is expected to strengthen Denmark’s life sciences industry by combining engineering and medical disciplines. The company’s access to universities and global research institutions will further contribute to the creation of sector-specific knowledge and cluster linkages, as well as to securing the country’s position as a major technology supplier. Apart from maintaining a strong position in a highly competitive market, developing better hearing instruments will enable people suffering from hearing impairments to participate more fully in social and business life.
Sustainability summary
No significant environmental impacts are expected to result from the programme.
