Converge Technology Solutions Corp. - CEO, Shaun Maine
CEO, Shaun Maine
Source: Converge Technology Solutions
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Converge Technology Solutions Corp. (CTS) acquires German-based education supplier company, Visucom GmbH
  • This deal marks the twenty-seventh acquisition completed by Converge
  • Visucom is a supplier of professional screens, interactive blackboards, loudspeakers, cameras, projectors, displays, and media controls
  • This acquisition gives public sector clients a single source service, product portfolio, and support any digitization efforts
  • Converge Technology Solutions Corp. (CTS) is up 5.55 per cent and is trading at $11.40 per share as of 3:56 p.m. EST

Converge Technology Solutions Corp. (CTS) has acquired German-based education supplier company Visucom GmbH and its subsidiary, School Supplies 4.0 GmbH.

This deal marks the twenty-seventh acquisition completed by Converge.

Visucom is a supplier of professional screens, interactive blackboards, loudspeakers, cameras, projectors, displays, and media controls.

It offers on-site installations and training and is known for giving neutral advice, planning, and equipment for manufacturers of media devices.

Converge has already been working with Visucoum in recent years.

This acquisition allows Converge to offer its public sector clients a single-source service, product portfolio, and further support any digitization efforts.

Shaun Maine, CEO of Converge, stated,

“Converge is excited to be kicking off 2022 with another opportunity to continue our global expansion and better serve our clients… Visucom will strengthen our presence in Germany and allow us to grow the Converge name outside of North America.”

Converge Technology Solutions Corp. (CTS) is up 5.55 per cent and is trading at $11.40 per share as of 3:56 p.m. EST.

More From The Market Herald

" Record revenue for California Nanotechnologies (TSXV:CNO) fiscal 2022

California Nanotechnologies (CNO) announced record revenues of US$1,081,500 for the year ending February 28, 2022, a 39 per cent increase from last year.
Electrovaya - Elmira Memarzadeh, Director of Engineering Programs.

" Electrovaya (TSX:EFL) granted U.S. patent for lithium-ion electrode

Electrovaya (EFL) has received a U.S. patent for a unique battery electrode microstructure.
NEO Battery Materials - CEO, Spencer Huh (left) and A&P CEO, Hak Soo Jeon.

" NEO Battery Materials (TSXV:NBM) announces $3M investment from Automobile & PCB

NEO Battery Materials (NBM) has secured a C$3M investment from Automobile & PCB (A&P).