Forward Industries (FORD) Acquires Kablooe Design
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Forward Industries Acquires Kablooe Design
August 17, 2020 4:15 PM EDTHAUPPAUGE, N.Y. and MINNEAPOLIS, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Forward Industries (NASDAQ: FORD) today announced the acquisition of substantially all of the assets of Kablooe Design (Kablooe), an innovative leading medical and consumer design and development company based in Minneapolis, Minnesota for consideration comprising of cash, equity, assumed debt and contingent earn outs.
Kablooe is located in the USs 3rd largest medical device development hub and its clients include leading brands in medical devices including Medtronic, Boston Scientific, Coloplast, Atricure, Cega Innovations and Rapid Diagnostek.Â
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