Manchester interactive technology company, Cohuborate (trading as Cohuba), has been acquired by US group, Boxlight Corporation for $1.8m.
Cohuba specialises in touch display technology across education, business and government markets. It was acquired from the family trust of Promethean founder, Tony Cann.
“The transaction is part of our continued effort to supplement our organic sales growth with strategic acquisitions that accelerate our ability to distribute our solutions globally, “said Michael Pope, president of Boxlight.
“Cohuba brings a seasoned sales and operational team and a strong network of reseller partners with decades of experience selling technology solutions into the United Kingdom.”
Boxlight said that it intended to relaunch the Cohuba brand later this year as its global business and government solution, with hardware and software solution tailored to the specific needs of these sectors.
Through the deal Paul Pickup, former chief operating officer of Promethean and Andy Pennington, founder and CEO of Cohuba will become part of Boxlight.
“I am eager to welcome Paul, Andy and the U.K. team to Boxlight,” stated Mark Elliott, chief executive officer of Boxlight.
“I have a trusted relationship with Paul and Andy from my time at Promethean, and I look forward to leveraging their knowledge and relationships. While many of our competitors are reducing their salesforce and limiting their product offering, we continue to expand with the goal to emerge as the leading provider of interactive technologies globally.”
