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Black Box’s arm inks pact to acquire 100% stake in Global Speech Networks

18 May 2023 Evaluate

Black Box’s indirect wholly owned subsidiary -- Black Box Technologies Australia has entered into a Share Purchase Agreement with Rhomax (Seller 1), Nafeld (Seller 2), Feldhed (Seller 3), Peter Thomas Brannighan and Leonie Gaye Brannighan (Seller 4), and JLF Management Consultants (Seller 5) on May 17 , 2023, to acquire 100% of shares of Global Speech Networks (‘Target Company being limited liability company incorporated under laws of Australia’), for total consideration of around AUD 2.5 million subject to working capital adjustments at closing.

Global Speech Networks is into the business of providing design, configuration, implementation, integration and ongoing service & support services for the GSN Genesys Engage and the Genesys Cloud contact center solutions. The said acquisition is anticipated to be completed within 60 days of signing the share purchase agreement. The said acquisition of Target Company will help the company to strengthen its presence in Australia and also add Genesys capability to its services in ANZ region This will also give rise to an opportunity to cross sell to the current customers.

Black Box is a trusted IT solutions provider delivering cutting-edge technology solutions and world-class consulting services to businesses around the globe.

Black Box Share Price

539.05 -10.05 (-1.83%)
24-Apr-2026 11:45 View Price Chart
Peers
Company Name CMP
Tejas Networks 411.65
ITI 297.00
Sedemac Mechatronics 1673.60
Black Box 539.05
Quadrant Televenture 0.44
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