Tuesday, May 02, 2006
Black Box Corporation Announces Acquisition of Nu-Vision Technologies
Nu-Vision Technologies (NUVT) represents approximately $55 million in historical voice services annual revenue
PITTSBURGH, PENNSYLVANIA, May 2, 2006 -- Black Box Corporation (NASDAQ:BBOX - News) today announced the acquisition of Nu-Vision Technologies (NUVT) a privately-held company based out of Amityville, NY. NUVT has an active customer base which includes commercial, education and various government agency accounts. Annual revenues of NUVT were approximately $55 million for the twelve months ended December 31, 2005.
Dwayne Diesu, former owner and President of NUVT, commented, “We are excited about the opportunity of joining Black Box and its world-class leadership team. Our joining forces will extend and enhance our ability to provide our customers with a broader suite of services.” Dwayne will remain active as Vice President and General Manager.
Commenting on the acquisition, Terry Blakemore, Vice-President of Corporate Business Development, stated, “NUVT is an outstanding company with a reputation for providing high quality voice and data services. Together, we should be able to leverage our combined strengths to enhance our national operating coverage and provide our client base with the industry’s best data, voice and hotline technical services.”
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
About Black Box
Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 152,000 clients in 141 countries with 168 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com
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Chief Financial Officer
Black Box Corporation