Black Box Buys Quanta Systems

Stock quotes in this article: BBOX  

Communications equipment company Black Box Corp. said Monday that it bought privately held Quanta Systems LLC.

Terms of the deal were not disclosed.

Black Box bought Gaithersburg, Md.-based Quanta from CompuDyne Corp., which is a portfolio company of private equity fund The Gores Group.

Quanta's annual revenue is about $12 million, Black Box said. The company expects the purchase to help it in the federal market.

Black Box shares rose 8 cents to $24.43.

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