Black Box Corporation Completes Merger With Ohmega Installations, Ltd.; First Expansion Of Technical Services In Europe.PITTSBURGH--(BUSINESS WIRE)--March 12, 1999--Black Box Corporation (Nasdaq:BBOX) today announced that it completed the merger of United Kingdom-based Ohmega Installations Limited into a wholly-owned subsidiary. Located in Newbury, Berkshire Coordinates: Newbury is a civil parish and the principal town in the west of the county of Berkshire in England. It is situated on the River Kennet and the Kennet and Avon Canal, and has a town centre containing many 17th century buildings. , England, privately-held Ohmega Installations specializes in technical design, installation and maintenance of premise cabling systems for customers throughout 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, Fred C. Young, Chief Executive Officer of Black Box Corporation, stated, "Leveraging off the success of our U.S. technical services expansion program, we will look to replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. the U.S. model, and now the U.K. model, across Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . The new on-site services Ohmega Installations brings to us should be just the beginning of a successful roll-out to all of our European customers." This transaction is being accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . 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. |
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