Black Box Acquires Brazil’s 2S Inovações, Expanding Digital Infrastructure and Cybersecurity Capabilities Across Latin America

Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving US$2 billion in annual revenues by 2030.

The effective date of acquisition is May 1, 2026.

Established in 1992 and headquartered in São Paulo, Brazil, 2S Inovações Tecnológicas delivers end-to-end digital infrastructure solutions spanning consulting and strategy, enterprise and data center networking, cloud and hybrid infrastructure, cybersecurity operations, systems integration, managed services, and lifecycle optimization. The company is recognized for its strong capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions built on leading global technology platforms.

The acquisition significantly strengthens Black Box’s capabilities and market presence across Latin America, particularly in high-growth areas such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. The transaction also reinforces Brazil’s strategic importance within Black Box’s global operations as enterprises, cloud providers, and hyperscalers continue to invest in next-generation digital infrastructure across the region.

Brazil’s rapidly expanding digital economy, increasing cloud adoption, accelerating AI-driven infrastructure investments, and strong engineering talent base position the country as an important regional hub for digital infrastructure transformation and technology services delivery.

“The acquisition of 2S marks another important milestone in Black Box’s global growth journey and further strengthens our strategic position in the high-growth LATAM market,” said Sanjeev Verma, Whole-Time Director & Chief Executive Officer of Black Box. “2S brings deep expertise in Cisco networking, enterprise and data center infrastructure, cloud, cybersecurity, and managed services, which strongly complements Black Box’s global capabilities across digital infrastructure, networking, connected workspaces, and technology integration.

As enterprises worldwide accelerate investments in AI, cloud, cybersecurity, and digital connectivity, the demand for resilient, scalable, and secure network and data center infrastructure continues to grow significantly. This acquisition enhances our ability to support customers across the full lifecycle of digital infrastructure transformation - from network modernization and data center integration to managed operations and cybersecurity.



This acquisition also reflects our continued focus on disciplined inorganic growth as a key pillar of our long-term strategy. The transaction is expected to contribute approximately Rs. 500 crores in annualised revenues and further strengthens our networking and data center business across Latin America while enhancing our ability to deliver integrated, end-to-end digital infrastructure solutions globally.

Together, we are building a stronger platform to drive innovation, operational excellence, and sustainable long-term value for our customers, partners, and shareholders.”

About Black Box Ltd.

Black Box (BSE: 500463/NSE: BBOX) is a global leader in digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and top global enterprises. With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing.

Supported by a global team of around 3,600 professionals and strategic partnerships with leading technology providers, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity. Its Technology Products portfolio enhances business operations with cutting edge solutions in AV, IoT, KVM, Networking, Infrastructure, and Cables.

For more information, visit www.blackbox.com

Black Box, Red Flag: What the Air India Crash Reveals About India’s Self-Reliance Push

The Digital Flight Data Recorder and Cockpit Voice Recorder (DFDR & CVR) Laboratory, often dubbed India's "Black Box Lab," was inaugurated in April 2025 by Civil Aviation Minister Ram Mohan Naidu at the Aircraft Accident Investigation Bureau (AAIB) headquarters in New Delhi. It marked a major milestone in India's aviation safety infrastructure, aiming to bring the country on par with global standards in air crash investigations.

The DFDR & CVR laboratory was launched at the Aircraft Accident Investigation Bureau (AAIB) headquarters in Delhi. An emblem of its drive toward self-reliance in aviation safety. The promise? Faster investigations, reduced foreign dependency, and a homegrown answer to accident forensics. Just weeks later, a devastating Air India crash put that promise to the test.

The black boxes from the Boeing 787-9 Dreamliner were so severely damaged that the newly inaugurated lab couldn’t retrieve the data. Specialists attempted recovery but lacked the advanced tools needed for extreme damage scenarios, such as extracting memory chips from charred circuit boards.

The result: a detour to the United States, where the flight’s black boxes were ultimately sent for decoding.

This has prompted calls for a technology upgrade to handle high-impact crashes. Until then, India remains reliant on global partners like the NTSB and the UK’s Air Accidents Investigation Branch for complex cases.

It wasn’t just a logistical hiccup—it was a moment of reckoning.

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The Tech That Was Supposed to Talk

Every commercial aircraft carries two vital devices, often called “black boxes”: the Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR). Together, they reconstruct the flight’s final moments—from altitude and engine metrics to pilot dialogue and alarms.

India’s new lab, built in partnership with Hindustan Aeronautics Limited (HAL), was equipped to decode these data vaults, even when moderately damaged. But when the Boeing 787-9 Dreamliner crashed, the impact and fire left the recorders badly charred.  Despite best efforts, the lab couldn’t extract the data—forcing authorities to turn to the U.S. National Transportation Safety Board (NTSB).

Union Minister Ram Mohan Naidu inaugurates Digital Flight Data Recorder Lab at Aircraft Accident Investigation Bureau, equipped with state-of-art equipments

Was the lab a failure? Hardly. It was an ambitious step toward technological sovereignty. But the incident exposed a gap between infrastructure investment and operational readiness. The lab lacked the advanced capabilities needed for extreme cases—like recovering data from deformed memory chips or corroded circuit boards.

India’s aviation watchdog now faces an uncomfortable but necessary question: Are we building to impress, or building to prepare?

Lessons Beyond the Debris

This moment isn’t just about a lab or a crash—it’s a broader signal for India’s self-reliance movement. Genuine autonomy means more than establishing facilities or slapping “Made in India” on a project. It demands:

• Continuous tech upgrades, not one-time capital expense
• Training a pipeline of domain experts, not just acquiring equipment
• Strategic partnerships, even while pursuing independence
• Self-reliance isn’t about cutting ties with the world—it’s about standing on stronger feet when we walk into the room.

The Black Box’s Silent Message

The recorders from the Air India flight didn’t yield their secrets at home. But in their silence, they conveyed something powerful: self-reliance is not a destination but a discipline. India must now choose whether it pursues sovereignty as a spectacle—or as a system that holds up under pressure.

Because in aviation, as in progress, we rarely get second chances to learn from first mistakes.