Black Box Limited's Brazilian Subsidiary Acquires 2S Inovações Tecnológicas for Rs. 275 Crores
Black Box Limited's Brazilian Subsidiary Acquires 2S Inovações Tecnológicas for Rs. 275 Crores is drawing significant interest across the industry.
Black Box Limited's step-down subsidiary Black Box Do Brasil has entered into a definitive acquisition agreement to acquire 2S Inovações Tecnológicas for Rs. 275 Crores. The target company is a leading Brazilian IT solutions integrator established in 1992 with approximately 230 employees and revenue of US$ 53 million in 2024. The acquisition includes 100% equity stake with additional deferred payments and performance-linked earn-outs over two years, expected to close by end of March 2026. This strategic move aligns with Black Box's expansion plans in Latin America and strengthens its end-to-end service portfolio in high-value managed and recurring services.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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