- Educational Development ( NASDAQ: EDUC ) said Wednesday it will acquire SmartLab Toys , which makes S.T.E.A.M. toys and games.
- Terms were not disclosed.
- Educational Development ( EDUC ) plans to start selling SmartLab products through its UBAM and publishing sales channels in Jan.
- "We expect to introduce a select group of SmartLab's products in Jan. and will expand on this initial release with additional products throughout next year," said Educational Development ( EDUC ) CEO Craig White.
- The acquisition is expected to be completed during Q3.
For further details see:
Educational Development to acquire SmartLab Toys