Black Box Corporation Announces Merger With Orchard Network Solutions Ltd.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)--Dec. 1, 2000 Black Box Corporation (Nasdaq:BBOX) today announced a merger with Orchard orchard, generally an area on which fruit or nut trees are planted and cultivated. The words grove and plantation are often used when the fruits are tropical, e.g., a "citrus grove" or a "banana plantation. Network Solutions Ltd of Colchester Colchester (kōl`chĭstər, –chĕs'tər), city (1991 pop. 87,476) and district, Essex, SE England, on the Colne River. The city is a grain and cattle market. , England England, the largest and most populous portion of the United Kingdom of Great Britain and Northern Ireland (1991 pop. 46,382,050), 50,334 sq mi (130,365 sq km). It is bounded by Wales and the Irish Sea on the west and Scotland on the north. . Founded in 1996, privately held Orchard provides technical design, installation and maintenance services for premise cabling and related products to customers primarily in southern England Southern England is an imprecise term used to refer to the southern counties of England. Differing usages apply the term with varying geographic extents. In most definitions Southern England includes all the counties on the English Channel; from west to east these are: Commenting on the merger, Patrick A. Hudgell, Managing Director of Black Box Network Services -- United Kingdom Operations, said, "We are delighted that the Orchard team is joining our rapidly growing Network Services organization in the UK and look forward to the contribution that they will undoubtedly make to our further growth in a number of key markets. Orchard has developed a high quality business with an excellent reputation for customer service and will be a valuable addition to the UK team. This is our fourth network services merger in the UK and yet another step in our strategy of providing on-site on-site adj. Done or located at the site, as of a particular activity: on-site monitoring of a production run; an on-site film shoot. services to all Black Box customers around the world." Peter W. Tickner and Guy Edwards Guy Richard Goronwy Edwards (born in Macclesfield, Cheshire on December 30, 1942) is a former racing driver from England. Although best known for his sportscar and UK Formula One career, as well as for brokering sponsorship deals, Edwards participated in 17 World Championship , Directors of Orchard, said, "We are all very excited about the opportunities that this merger presents, not just for the Orchard team but also for all of our customers who will now have ready access to the full range of technologies, expertise and services that Black Box offers." Orchard's operations will merge with Black Box Network Services -- Cambridge Operations and Mr. Tickner and Mr. Edwards will serve on the senior management team of the combined entity, reporting to Managing Director Stephen C. Borley. Mr. Borley commented, "The merger with Orchard will reinforce our position as the largest network services company in our region and I am very much looking forward to working with the Orchard team." 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 network services and related products to businesses of all sizes, servicing customers in 132 countries throughout the world. |
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