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Tosibox invests in new subsidiary in the USA

With the new subsidiary, Tosibox is looking for strong growth in North America, with plans for opening another office on the west coast in the near future, and possibly in Canada later on. Production will remain in Finland, and the new subsidiary will handle sales, import and distribution in the US market.

”The new subsidiary is a strategic move in line with Tosibox’s growth plan. We believe US sales will reach tens of millions in the medium term”, says Tosibox’s CEO Tero Lepistö. The company also has a subsidiary in Hainburg, Germany, where it has already been active building a distribution network for the German market.

The company’s launch in the US has been a success, and growth plans are ambitious, with sales expected to reach tens of millions of dollars in the medium term. In just a few weeks, Tosibox has already aquired ten partners. The goal is to have at least five partners per state in five years, a total of 250 partners.

Tosibox’s product has been received extremely well in the US, beating the current number one competitor in every way.

”After being introduced to Tosibox technology more than two years ago, I was convinced the Tosibox engineers were creating something special. And, after more than a year of wildly successful customer trials and finding massive distributor-channel interest in the US and Canada, I am extremely excited to be part of the Tosibox executive team leading efforts to bringing Tosibox technology to the Western Hemisphere”, says Bill Behn, President of Tosibox inc.

For more information, please contact
Tero Lepistö, CEO, Tosibox Oy, oder +358 50 404 1346.

Link to the press release