Boxlight Corporation, a provider of interactive touchscreens, software and digital signage services, has acquired Interactive Concepts, a leader in distributed AV and IT solutions to the Belgium market, for a total consideration of approximately $3.3 million in cash, common stock and deferred consideration.
Boxlight president, Mark Starkey said “the acquisition of Interactive Concepts represents an exciting opportunity to expand the footprint of the Clevertouch brand and further extend our distribution network across Western Europe where we’re trading tremendously well. We have seen a 25% year-on-year revenue growth across Benelux (Belgium, Netherlands, Luxembourg), a region that accounts for nearly 6% of the European population.”
“Interactive Concepts has been built on distributing leading products, including the range of solutions provided by Clevertouch. We are proud to be the flagship partner of Clevertouch in Belgium and Luxembourg,” added Karel Callens, CEO of Interactive Concepts. “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. 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.”