Black Box Corporation Establishes Subsidiary Operations in the Nordic Region of Sweden, Norway and Finland.Business Editors PITTSBURGH--(BUSINESS WIRE)--Jan. 4, 2001 Black Box Corporation (Nasdaq:BBOX) today announced that it has established wholly-owned operations in Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. , Norway Norway, Nor. Norge, officially Kingdom of Norway, constitutional monarchy (2005 est. pop. 4,593,000), 125,181 sq mi (324,219 sq km), N Europe, occupying the western part of the Scandinavian peninsula. and Finland Finland, Finnish Suomi (swô`mē), officially Republic of Finland, republic (2005 est. pop. 5,223,000), 130,119 sq mi (337,009 sq km), N Europe. . As part of this market expansion, Black Box has acquired the operations of its distribution partner that held the authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Black Box trademark distribution rights. Annual revenues of Black Box in this region will approximate $8 million. Commenting on the merger, Roger E.M. Croft CROFT, obsolete. A little close adjoining to a dwelling-house, and enclosed for pasture or arable, or any particular use. Jacob's Law Dict. , Vice President of Europe and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. for Black Box Corporation, said, "The establishment of Black Box subsidiary operations for technical phone services in this region is the first step towards offering Nordic customers the full range of our technical services. The Nordic region is a very important part of Europe and we are confident of rapid and prosperous growth in this area." Gunnar Lindblad, General Manager of Black Box Network Services - Nordic Operations, said, "The whole team is pleased to be part of the new Black Box operation in the Nordic region. We have created a very successful business with the Black Box brand and we are all looking forward to being full members of the Black Box family." Mr. Lindblad will report to Mr. Croft. 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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