Letter of Intent signed with a renowned German company
Herbert Waldmann GmbH & Co. KG is a medium-sized family business in the third generation. Our product range includes luminaires and lighting systems for offices, industry, health and care as well as systems for medical phototherapy.
In the field of dermatology, Waldmann is known as the world´s leading manufacturer of UV therapy systems and diagnostic lights. With more than 40 years of experience regarding treatment of skin diseases such as psoriasis or neurodermatitis through phototherapy, Waldmann therapy systems are synonymous with comfort and safety for patients and specialists all over the world.
In the interests of their customers, partners and suppliers, Herbert Waldmann GmbH & Co. KG signed a Letter of Intent with the JK Group, a renowned German industrial company, on September, 30th 2019.
Together we are working at full speed on the sale of the medical phototherapy division to the JK Group.
The JK Group is characterized by decades of expertise in the development and production of UV-based beauty and lifestyle products. This makes JK Group the undisputed world market leader „Made in Germany”. The quality standards are also reflected in the certification according to ISO 13485 and as an approved manufacturer of Medical Class II devices in accordance with the applicable American laws. We are convinced that the technical expertise and production competence of the JK Group in conjunction with the market know-how of the Waldmann sales and partner organisation offers considerable synergetic opportunities. The name of the Waldmann photomedical products will be continued in the JK Group. JK´s product portfolio is supplemented by Waldmann´s unchanged medical products.
We are confident that the transaction will be completed by the end of the year. Further information will be published immediately as part of the process.
Herbert Waldmann GmbH & Co.