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Langer sells Langer UK to affiliate of Sole Solutions

Langer has announced sale of the stock of Langer UK Limited to an affiliate of Sole Solutions for approximately GBP587,500.

In addition, in connection with the transaction, Silipos, a wholly owned subsidiary of Langer, formed a strategic partnership with Sole Solutions and Langer UK through which Sole Solutions and Langer UK will provide sales, marketing and distribution support as Silipos’s exclusive strategic partner to the medical markets in the UK and European Union.

Adrian Bishop, managing director for Langer UK, said: “On behalf of Langer UK, we are looking forward to joining forces with Sole Solutions to continue our track record of organic growth in our markets and working together to expand the Langer UK, Silipos and Sole Solutions businesses. We believe our continued partnership with Silipos will allow us to continue our tradition of providing innovative products and excellent service to our customers in our key markets.”