FINWIRES · TerminalLIVE
FINWIRES

Black Box Completes Acquisition of Brazilian Technology Company

By

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.

Related Articles

Asia

Macronix International to Buy Machinery Equipment Worth NT$1.3 Billion; Shares Rally 7%

Macronix International (TPE:2337) approved the purchase of a batch of machinery equipment worth NT$1.35 billion, according to a Tuesday Taiwan Exchange filing.Shares jumped over 7% in Wednesday's afternoon trade.The equipment was supplied by Tokyo Electron, between April 21 and May 12.The machinery will be used for production purposes, it said.

$TPE:2337
Asia

ValueMax Group Issues Shares on Exercise of Warrants; Shares Down 4%

ValueMax Group (SGX:T6I) allotted and issued 112,000 shares on Tuesday pursuant to the exercise of the same number of warrants at SG$0.36 each, according to a same-day filing with the Singapore Exchange.Shares of the financial services company were down nearly 4% in Wednesday trading.Following the exercise, the company's share capital has increased to about 964.9 million shares, the filing said.

$SGX:T6I
Asia

Update: Perenti Unit Secures AU$850 Million Underground Mining Contract at Western Australia Gold Project; Shares Gain 8%

(Updates with the stock movement in the headline and last paragraph.)Perenti's (ASX:PRN) underground mining arm, Barminco, has been awarded an around AU$850 million contract by Bellevue Gold (ASX:BGL) to provide underground mining services at the Bellevue Gold Project in Western Australia, according to a Wednesday Australian bourse filing.The contract was awarded following a competitive tender process for an initial four-year term commencing on Aug. 1, with an optional 12-month extension, per the filing.The company will provide complete underground mining services, including development, production, and support activities, and the arrangement is expected to require about AU$75 million in growth capital in fiscal 2027, the filing added.Perenti's shares advanced 8% in recent Wednesday trade.

$ASX:BGL$ASX:PRN