Black Box Corporation Announces Merger With TeleAce Communication Pte Ltd - On-Site Operations Now Established in Thirteen Countries -.Business Editors PITTSBURGH--(BUSINESS WIRE)--March 14, 2002 Black Box Corporation (Nasdaq:BBOX) today announced a merger with TeleAce Communication Pte Ltd PTE LTD Private Limited . Established in 1993 in Singapore Singapore (sĭng`gəpôr, sĭng`ə–, sĭng'gəpôr`), officially Republic of Singapore, republic (2005 est. pop. 4,426,000), 240 sq mi (625 sq km). , privately held TeleAce provides technical design, installation and maintenance services for premise cabling and related products to customers throughout Singapore. Annual revenues of TeleAce are approximately $1 million. Commenting on the merger, Francis Francis, French prince, duke of Alençon and Anjou Francis, 1554–84, French prince, duke of Alençon and Anjou; youngest son of King Henry II of France and Catherine de' Medici. Wertheimber, Vice President Pacific Rim/Far East, said, "The thought of raising Black Box's first on-site services flag in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. is exciting. This merger will provide us with the opportunity to expand into new markets of significant strategic importance." Thien Kim Keat, Managing Director and owner of TeleAce, said, "Black Box Corporation's global expertise, together with our local professional on-site capability, will enable us to provide a technical service offering unparalleled in Singapore." TeleAce will change its name to Black Box Network Services - Singapore Operations. Mr. Thien will continue to serve as Managing Director, reporting to Mr. Wertheimber. This merger brings Black Box a step closer to its goal of offering complementary on-site services to all of its clients throughout the world. Singapore now joins Belgium, Canada, France, Germany, Italy, Japan, Mexico, The Netherlands, Sweden, Switzerland, the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. as the thirteenth country where Black Box offers clients both phone and on-site technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated network infrastructure systems. Black Box services clients of all sizes in 132 countries throughout the world. |
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