Black Box Completes Acquisition of Brazilian Technology Company

MT Newswires Live

05/13

Black Box (NSE:BBOX, BOM:500463), through its step-down subsidiary Black Box Do Brasil Industria e Comercio, has completed the acquisition of Brazilian solutions integrator 2S Inovações Tecnológicas, according to a Wednesday filing to the Indian stock exchanges.

All the terms and conditions about the acquisition have been duly completed on Wednesday, and the said acquisition took effect May 1, the statement said.

The acquisition is expected to help Black Box achieve its long-term objective of reaching $2 billion in annual revenue by 2030.

The company's shares were down over 2% in recent trade.

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