Boxlight Corporation (Nasdaq: BOXL), a provider of interactive technology solutions for the global education market, acquired Sahara Presentation Systems PLC, a UK leader in distributed and manufactured AV solutions.
The total purchase price was GBP 74m (approximately USD 94.9m) in the form of GBP 52m (approximately USD66.7m) cash and GBP22m (approximately USD28.2m) preferred stock.
Formed in 1976 by Kevin and Nigel Batley, who grew the company to more than 100 employees with offices worldwide, and led by Mark Starkey, CEO, Sahara is a leader in distributed AV products and a manufacturer of touchscreens and digital signage products, including the globally renowned Clevertouch and Sedao brands.
Led by Michael Pope, Chairman and CEO, Boxlight Corporation is a provider of technology solutions for the global learning market. The company develops, sells, and services its integrated, interactive solution suite including software, classroom technologies, professional development and support services.