Black Box Corporation Announces Merger With Indacom N.V. and Blue Box B.V.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers PITTSBURGH--(BUSINESS WIRE)--March 24, 2000 Black Box Corporation (Nasdaq:BBOX) today announced that its Belgian Belgian having some relationship to Belgium. Belgian barge dog see schipperke. Belgian black pied cattle black, Belgian dairy cattle. Belgian blue dual-purpose cattle; blue, white or blue roan. subsidiary, Black Box Communication N.V, has acquired 100% of the shares of Indacom N.V. and Blue Box B.V. Established in 1985 in Mechelen Mechelen (mĕkh`ələn), Fr. Malines, commune (1991 est. pop. 75,000), Antwerp prov., N central Belgium, on the Dijle River. In English it is also known as Mechlin. , Belgium Belgium (bĕl`jəm), Du. België, Fr. La Belgique, officially Kingdom of Belgium, constitutional kingdom (2005 est. pop. 10,364,000), 11,781 sq mi (30,513 sq km), NW Europe. , privately-held Indacom provides computer communications and networking products and services throughout Belgium. Blue Box, an affiliate organization based in Hoofdorp, Holland, provides similar products and services throughout the Benelux Be·ne·lux An economic union of Belgium, the Netherlands, and Luxembourg, originally established as a customs union in 1948. Noun 1. countries. Total annual revenues of Indacom and Blue Box are approximately $9 million. Commenting on the merger, Pierre Pierre (pēr), city (1990 pop. 12,906), state capital (since 1889) and seat of Hughes co., central S.Dak., on the east bank of the Missouri River, opposite Fort Pierre; inc. 1883. P. Careme, General Manager of Black Box Belgium, stated, "The acquisition of Indacom and Blue Box allows us to extend the network services we provide to customers in Belgium and Luxemburg Luxemburg. For the grand duchy, province, and city thus named, use Luxembourg. . The Indacom/Blue Box team has considerable technical and commercial experience in the networking industry. These skills will extend and complement those of the Black Box Belgium team." Joos Bruyninckx and Patrick Wylaers, owners of Indacom/Blue Box, said, "We are pleased to have merged our businesses with Black Box. Their culture of technical network services linked to a strong customer focus exactly mirror what we have been doing in Indacom/Blue Box for the last 15 years." Mr. Bruyninckx and Mr. Wylaers will assist Black Box Belgium in transitioning the business over to Black Box management before taking retirement. The management of Indacom and Blue Box will report to Mr. Careme. This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is a leading worldwide technical service provider of computer communications and networking services and related products to businesses of all sizes, operating in 77 countries throughout the world. Note to Editors: There should be a circonflexe over the first "e" in the name "Careme" throughout this release. That symbol was omitted for transmission purposes only. |
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