STRATEGIC PARTNERS
April 2, 2021
Boxlight Corp., an interactive touchscreen and digital signage provider, has acquired Interactive Concepts, an AV and IT solutions provider to Belgium. It made the purchase for approximately $3.3 million in cash, common stock and deferred consideration, according to a press release.
In 2020, Interactive Concepts generated $6.5 million in revenue and positive earnings. Boxlight will use this acquisition to boost its position in Western Europe.
"This acquisition is a natural fit into Boxlight's Sahara Presentation Systems Europe brand and will enable us as a team to drive accelerated sales growth into education, where we already have a strong presence, and build on our enterprise plans," Karel Callens, CEO of Interactive Concepts, said in the release. "By joining the Sahara Presentation Systems Europe team, the current Interactive Concept partners and end user customers will enjoy direct contact with the Clevertouch team and help to influence the new generation of Clevertouch products. We're committed to providing the same great service and products to all our partners."
