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Black Box announced that it has signed a deal worth ₹275 crore to acquire Brazilian technology firm 2S Brazilian Solutions Integrator.
Black Box, part of the Essar Group, provides IT and digital infrastructure solutions. It helps companies build and manage secure networks, data centers and modern digital workplaces.
2S Inovações Tecnológicas provides enterprise networking solutions in Brazil, including LAN, WAN, SD-WAN, Wi-Fi and IoT services.
In simple terms, Black Box is buying a local tech company in Brazil to expand its IT services business in Latin America and earn better margins.
