New direction for Demant’s audio business
In the middle of September 2018, Demant and Sennheiser KG announced the decision to end the joint venture, Sennheiser Communications and let the business segments of Mobile Music, Enterprise Solutions and Gaming headsets evolve in different set-ups.
Enterprise Solutions and Gaming headsets will evolve as an independent business within Demant while the business segment of Mobile Music headsets will be part of the Sennheiser Consumer business in the future. The separation happens in good faith and the partners intend to continue their cooperation where synergies and opportunities exist.
“As the market dynamics have changed during the years and full end-to-end dedication is needed including a focused R&D approach, the time is now right to continue - each of us - in our own focused directions”, says Søren Nielsen, President & CEO at Demant.
Current President of Sennheiser Communications Jeppe Dalberg-Larsen will continue to spearhead Sennheiser Communications during the transition period and Demant’s new company after the separation.
Going forward, Demant will take over the business segments of Enterprise Solutions (CC&O) and Gaming including the distribution, which has been with Sennheiser until now. The new entity under Demant will continue the license agreement with the Sennheiser brand for the Enterprise Solutions and Gaming portfolios.