Takeover at Promethean Now Done


Having first been announced in July, the takeover of Promethean by China’s NetDragon has been unconditionally accepted (China’s NetDragon Launches Promethean Bid).

NetDragon, through subsidiary Digital Train, will pay £84.1 million ($130 million) for UK-based Promethean, which operates in the education market. The acquired shares represent a 96% stake in the company.

Promethean’s chairman, Philip Rowley, and non-executive directors (Graham Howe, Jackie Yeaney, Judy Verses and Lord Puttnam) have resigned as directors, with immediate effect.