Neoss Group is excited to announce the signing of an asset purchase agreement of Legend Life Tech, the current distribution partner for Neoss in China.
The new Neoss subsidiary located in Shanghai, China will be established through the current success of Legend Life Tech and leverage its strengths in product registration, logistics, marketing, and sales to better serve customers in China.
"The establishment of Neoss China through the acquisition of Legend Life Tech marks an important milestone in the history of Neoss. We are proud to build on the success of our partnership with Zhou Xin and Legend Life Tech. This investment in the China market demonstrates our commitment to our continued support of patient care around the world. Thanks to our lead shareholder, CareCapital, we are able to capitalize on such opportunities," says Dr. Robert Gottlander, CEO and President of Neoss Group.
With about five million implants placed every year, China is one of the largest markets in the world and is seeing increased growth from dentists and patients requiring quality dental solutions. With this investment in the Chinese market, Neoss will now better meet the diversified needs of Chinese doctors and patients.
"As the Chinese distribution partner for Neoss, Legend Life Tech has made outstanding contributions and inroads in both marketing and services in the past five years. We appreciate the recognition and collaborative support from Neoss and CareCapital. In the future, we plan to gradually transit our services and employees to Neoss China and continue to work with Neoss to develop the Chinese market and increase the brand awareness," says Zhou Xin, Chairman of Legend Life Tech.
With this acquisition, Neoss China will have a new board of directors with Robert Gottlander as the Chairman, and Zhou Xin as the Director.