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Black Box looking for partnerships, M&A in India market

Economic Times

Economic Times · 11m ago

Black Box looking for partnerships, M&A in India market

Black Box, a digital infrastructure firm, is seeking partnerships and mergers in order to enter the Indian market. With a focus on data center services, connectivity, and networking infrastructure, the company aims to achieve $2 billion in revenue within the next four years. Black Box is reorganizing its go-to-market strategy by prioritizing its top 250 revenue-contributing clients and eliminating long-tail customers. The Mumbai-based company recently raised Rs 410 crore to fund the expansion of its data center infrastructure services globally.

Related News

Black Box headed for next phase of growth with revamped GTM strategy: Ventura Securities

Economic Times

Economic Times · 7m ago

Black Box headed for next phase of growth with revamped GTM strategy: Ventura Securities

Black Box, part of Essar Group, is entering a new growth phase with a revamped strategy focusing on data centres, especially in North America and India. Despite muted FY24 growth due to project delays, the firm aims to boost revenues from data centres, targeting an increase to Rs 1,994 crore by FY27. Collaborating with global clients and tapping into India's burgeoning data centre market, Black Box seeks to enhance its competitive edge and profitability.

M&M evaluating EV battery manufacturing unit

Thehindubusinessline

Thehindubusinessline · 1y ago

M&M evaluating EV battery manufacturing unit

Indian automaker Mahindra & Mahindra (M&M) is considering the establishment of a battery plant for its electric vehicles (EVs). The company will assess the feasibility of the project and explore potential partnerships. M&M had previously collaborated with Volkswagen to explore electrification opportunities and the localization of cells in India. However, progress on this front has been slow as Volkswagen has multiple global giga plants to prioritize before focusing on India. M&M plans to launch its Born electric vehicles in 2025.

Essar Group-backed IT systems integrator Black Box raises Rs 410 crore

Economic Times

Economic Times · 1y ago

Essar Group-backed IT systems integrator Black Box raises Rs 410 crore

Black Box, an IT systems integrator backed by Essar Group, has raised Rs 410 crore through a preferential issue. The funds will be used to expand its data centre infrastructure services globally, focusing on AI computing. The company plans to invest in data centres for hyperscalers, multi-tenant data centre operators, and large enterprises, as well as in connectivity and networking infrastructure. A portion of the funds will also be allocated to sales and business development in North America and emerging markets. Black Box reported a net profit of Rs 138 crore for the year ended March-24.

Ecommerce companies, brands line up for Black Friday rush

Economic Times

Economic Times · 1y ago

Ecommerce companies, brands line up for Black Friday rush

Ecommerce platforms and brands in India are preparing for a strong Black Friday sales period, as the event gains popularity in the country. Platforms like Nykaa, Tata Cliq, and Myntra are participating in the sales, along with brands like H&M and Zara. Estimates suggest that online and offline sales in India during Black Friday week may grow by over 70% compared to regular weeks. Online sellers are expected to benefit more from the sales, but some offline sellers will also experiment with sale events.

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Livemint

Livemint · 1y ago

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Mahindra & Mahindra (M&M) is confident in its ability to bring a hybrid SUV to market in a reasonable timeframe and expects a strong demand for its upcoming electric vehicle range. The company's CEO, Anish Shah, stated that M&M can meet consumer demand for hybrids or other powertrains if needed. Shah's comments come amid a renewed interest in hybrid vehicles in India following a government directive on road-tax waiver. M&M reported a 20% YoY increase in operational profit for Q1, with market share gains and strong volume growth in its SUV, light commercial vehicle, and tractor segments.

Some CEOs see growing potential for tech acquisitions

Livemint

Livemint · 1y ago

Some CEOs see growing potential for tech acquisitions

Chief executives are increasingly looking to make tech acquisitions as favorable market conditions present good deal-making opportunities. Rising interest rates over the past two years have given companies more leverage in M&A negotiations, making it easier to compete with financial buyers like private-equity firms. Many tech companies are under pressure, making them more open to a sale as they struggle to raise follow-on capital or go public. CEOs see M&A as a way to supplement research and development, acquire talent, and expand their market. However, caution is advised, as many M&A deals fail to meet expectations.

JPMorgan M&A Head sees nearly $150 billion funds focused on India

Livemint

Livemint · 1y ago

JPMorgan M&A Head sees nearly $150 billion funds focused on India

JPMorgan Chase's global head of M&A, Anu Aiyengar, stated that investors have around $2 trillion available to invest, with $100-150 billion specifically focused on India. Aiyengar also highlighted India's attractive market conditions, including its growth potential and offerings in technology, healthcare, and infrastructure. Despite a global decrease in dealmaking, India witnessed $33 billion worth of M&A deals so far this year. JPMorgan is currently ranked second globally for M&A volume, and Aiyengar sees opportunities for exits in the IPO market as well.

Cyril Amarchand’s Akila Agrawal on recent M&A rule changes, deal trends and more

VCCircle

VCCircle · 1y ago

Cyril Amarchand’s Akila Agrawal on recent M&A rule changes, deal trends and more

Cyril Amarchand Mangaldas, a leading law firm in India, is known for its expertise in mergers and acquisitions (M&A) and private equity transactions. Akila Agrawal, a partner at the firm, recently discussed the latest changes in M&A rules, emerging deal trends, and the firm's role in the market. With over 1,000 lawyers, Cyril Amarchand Mangaldas is highly regarded for its comprehensive legal services and robust M&A advisory services in India.

Sydney-headquartered Atlassian will pursue M&A as a growth model: CEO

Economic Times

Economic Times · 1y ago

Sydney-headquartered Atlassian will pursue M&A as a growth model: CEO

Australian software company Atlassian is looking to pursue mergers and acquisitions (M&A) as a growth strategy, according to CEO Mike Cannon-Brookes. The company, known for its team collaboration software such as Jira and Trello, has a history of acquiring companies and has grown its product portfolio through both internal development and acquisitions. Atlassian has a strong presence in India, which is its fastest-growing market. The company also plans to build its Rovo enterprise search platform in India and has a significant number of employees based outside of its Bengaluru office.

M&A is back. Expect losers to outnumber winners

Money Control

Money Control · 1y ago

M&A is back. Expect losers to outnumber winners

The M&A market is expected to experience a deal boom due to companies having sizeable cash reserves and stable borrowing costs. Additionally, buyout funds are eager to deploy their cash and many private equity and venture capital investments are looking for exits. However, there is concern that impulsive and ill-disciplined acquisitions may occur, as history shows that most mega-deals fail to provide a return. Companies such as Linde Plc have seen success in M&A, but others like Bayer and AT&T have faced significant challenges. It remains to be seen if the current M&A wave will yield positive results.

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