Black Box Buys Norstan

On Dec. 20, $525.5 million Lawrence, PA-based Black Box (NASDAQ:BBOX) announced it will acquire all of the outstanding shares of Minnetonka, MN-based voice services provider Norstan (NASDAQ:NRRD). The price tag: $5.60 per share in cash, or $95 million, which includes $12.4 million of debt.

The $223.6 million Norstan provides communication technology services , including as messaging, conferencing, and enterprise mobility, as well as voice and data network monitoring.

Pending closing conditions, the deal will be completed during the quarter ending March 31, Black Box’s fourth quarter.Following the acquisition, Norstan will become a fully-integrated operating unit of Black Box led by Scott G. Christian, Norstan’s president/CEO.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.