The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution
Following the acquisition, Promethean continued to operate under NetDragon, with significant changes occurring years later:
Look into Promethean made due to NetDragon's investment? NetDragon expands with Promethean acquisition netdragon buys promethean
As of 2025, Promethean operates under the holding company MYND.AI, focusing on AI-enabled classroom technology, while NetDragon maintains its broader education and gaming business. 6. Conclusion
£84.1 million (approx. US$130 million or HK$1 billion). The deal was made via an indirect non-wholly-owned
The acquisition of Promethean by NetDragon was a pivotal moment in the 2015 ed-tech scene, representing a major push by a Chinese tech company into global physical classroom hardware. It provided NetDragon with the international infrastructure needed for its education initiatives and gave a struggling premium brand (Promethean) the financial backing to transition into a software-driven, AI-focused company.
NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards. NetDragon expands with Promethean acquisition As of 2025,
The offer represented a ~48% premium over the closing price of 27 pence on June 15, 2015.