Acquisition takes Black Box south of border

Aug. 8, 2001
August 9, 2001 Black Box Corp. has announced its acquisition of Grupo Gesco of Puebla, Mexico.

August 9, 2001 Black Box Corp. (www.blackbox.com) recently announced its acquisition of Grupo Gesco of Puebla, Mexico. Grupo Gesco is a privately held company that provides design, installation, and maintenance services for premises cabling and related products in Southeastern Mexico, including Mexico City. Black Box did not disclose a purchase price for the company, but said its annual revenues are approximately US$3 million.

"This acquisition is our first step into on-site technical services in Mexico," said Enrique V. Wanzke, general manager of Black Box Mexico. "The experience of Gresco in on-site support adds to our existing phone-support business, now allowing us to offer Mexican customers a full range of Black Box Network Services on the phone, on-site, and online. Mexico represents the eighth country where we are now able to offer on-site technical services."

"Much of our business today is done with Mexican subsidiaries of U.S. and European companies," said Juan-Manuel Pavon, president and co-owner of Grupo Gesco. "The global reach of Black Box is very important" to Grup Gesco's customers, he added. Pavon will serve as president of Black Box Network Services, Puebla Operations.

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