Black Box Corporation has announced the acquisition of Network Communications Technologies, Inc. (NCT), a privately-held company based out of Charlotte, NC. NCT has an active customer base which includes commercial, education and various government agency accounts. Annual historical revenues of NCT are approximately $10 million.
Scott Fairman, former NCT Chief Operating Officer, commented, “This is a great opportunity for NCT. Not only will we have the Black Box name behind us, but also the capability to expand our offerings for existing customers and the resources to gain additional customers.†Mr. Fairman will continue with the business as Regional Operations Manager reporting to Mr. Gary Williams, Vice President and Regional General Manager for Black Box’s Voice Services operations.
Commenting on the acquisition, Mr. Williams stated, “We are excited about increasing our market share in the Carolinas with the acquisition of NCT. They will now have the capability to provide additional Voice, Data and Hotline services to meet their customers’ increasing demands for multi-location support.”
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
via Black Box
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