Black Box is in early talks to buy Aeries Technology
In short
Black Box is said to be in early talks to acquire Nasdaq-listed Aeries Technology. The reported deal value is $70 million to $90 million, or about 2 to 2.5 times Aeries’ current market value.
This matters because it could change ownership of the Mumbai-based GCC services firm. But the talks are still early, and no deal has been confirmed.
What the reporting says
Black Box is in early talks to acquire Nasdaq-listed Aeries Technology, with publisher summaries saying the deal could value Aeries at $70 million to $90 million. The snippets also say that figure is about 2 to 2.5 times Aeries’ current market value and that Aeries listed via a SPAC merger in 2023 at over $600 million. The immediate outcome is still unknown because the talks are early and no deal has been announced.
Why it matters
Publisher summaries say Black Box is in early talks to acquire Aeries Technology, a Nasdaq-listed GCC services firm, and that a deal could value it at $70 million to $90 million. The sources say Aeries went public through a SPAC merger in 2023 at over $600 million. The reporting indicates a possible valuation reset, but the deal status, timing and structure remain unknown.