Sennheiser electronic SE & Co. KG is a German audio equipment manufacturer based in Wedemark. It specializes in products for the professional audio market, including microphones, headphones, and loudspeakers. Founded in 1945 by Fritz Sennheiser, the company's professional media division has been under the leadership of third-generation co-CEOs Daniel Sennheiser and Andreas Sennheiser since 2013. The Sennheiser Group has over 2,000 employees worldwide, and reported total sales of €756.7 million in 2019. Sennheiser's European competitors include Bang & Olufsen, Focal, and OneSonic.