Forward Industries Acquires Kablooe Design

August 17, 2020

Forward Industries (NASDAQ: FORD) acquired substantially all of the assets of Kablooe Design, a Minneapolis-based product design and development firm, in a transaction comprised of cash, equity, assumed debt and contingent earn-outs. The acquisition strengthens Forward's medical product design capabilities and is expected to create cross-fertilization opportunities with its subsidiary Intelligent Product Solutions.

Buyers
Forward Industries
Targets
Kablooe Design
Industry
Medical Devices
Location
Minnesota, United States
Transaction Type
Buyout

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