Black Box Limited has announced a major international acquisition, strengthening its footprint in the Latin American market. The company, through its step-down subsidiary Black Box Do Brasil Indústria E Comércio Ltda, has signed a definitive agreement to acquire 100% equity stake in 2S Inovações Tecnológicas (“2S”).
The acquisition was disclosed in February 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015.
Deal Value and Payment Structure
The total transaction is valued at approximately ₹275 Crore, and the consideration will be paid entirely in cash.
The structure of the deal includes:
Initial payment at closing (subject to working capital adjustments)
Deferred payments
Performance-linked earn-outs over the next two years
This structure aligns incentives and ensures continuity of business performance post-acquisition.
Strategic Importance of the Acquisition
The acquisition is a significant strategic move for Black Box as it aims to:
Expand its presence in Latin America, particularly Brazil
Strengthen its end-to-end technology solutions portfolio
Accelerate growth in managed services and recurring revenue segments
Enhance capabilities in high-value IT infrastructure solutions
This move positions Black Box to capitalize on the growing demand for enterprise digital transformation solutions in the region.
About 2S Inovações Tecnológicas
Founded in 1992, 2S is a well-established IT infrastructure and managed services company in Brazil.
Business Profile:
Enterprise Networking Solutions (LAN, WAN, Wi-Fi 7)
Data Center & Cloud Solutions
Cybersecurity Services
Digital Workplace & Collaboration Tools (Webex, Microsoft Teams, Zoom)
Financial Growth:
2S has demonstrated steady financial growth:
US$ 34 million revenue in 2022
US$ 53 million revenue in 2024
With over three decades of market experience, 2S brings deep regional expertise and a strong client base.
Regulatory and Completion Timeline
The definitive acquisition agreement was signed on February 12, 2026. The transaction is subject to customary closing conditions and regulatory requirements.
The deal is expected to close by the end of March 2026.