Black Box to acquire CBS Technologies
Wed. October 28, 2009; Posted: 02:48 PM
Oct 28, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
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PowerRating -- Black Box Corporation, a network infrastructure services provider, has agreed to acquire CBS Technologies, Inc., a telecommunications services firm that designs, integrates and maintains communications systems. Both the companies are based in the US.
Annual historical revenues of CBS are approximately $12 million.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2009-10-27
Deal Participants
Target (Company) CBS Technologies, Inc.
Acquirer (Company) Black Box Corporation
Deal Rationale
The acquisition will add strength and expertise to Black Box's presence in the northeast region of the US.
For full details on Black Box Corp (BBOX)
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