Black Box Eyes $2B Revenue With Brazil Tech Buy

Black Box Ltd, an Essar Group company, is strategically advancing its presence in India and international markets to capitalize on escalating demand for data centre, network, and cybersecurity services. The company announced definitive agreements to acquire Brazil-based 2S Inovações Tecnológicas for ₹275 crore, anticipating completion by March 2026. This acquisition is pivotal to Black Box's objective of achieving $2 billion in annual revenues by 2030.

The acquisition is set to broaden the company's technology offerings and solidify its standing in Latin America, all while maintaining a robust capital structure. Black Box has been actively securing significant contracts from major clients, including hyperscale data-centre operators, U.S. public sector entities, an Indian internet company, and an Australian financial institution. These successes underscore its revised go-to-market strategy focused on global client engagement and higher-value projects.

Financially, Black Box reported ₹1,660 crore in revenue for the nine months ending December 31, 2025, an 11% year-on-year growth. Earnings before interest, tax, depreciation, and amortisation also saw a 10% rise. With an expanding order backlog and continuous client interactions, the company is optimistic about sustained revenue growth and a more stable operational profile in the upcoming quarters. Black Box currently operates in 35 countries, serving over 8,000 clients, including more than 250 Fortune 500 companies.