Commenting on the merger, Edman M. Lis, Regional General Manager of Black Box Network Services, stated, We are very pleased to welcome this quality organization to the Black Box Network Services family. DESIGNet brings us a strong presence in the San Francisco Bay Area, an experienced and proven management team, and an outstanding reputation for providing high quality structured cabling services.
Quinton B. McClannan and Andrew W. Immel, owners of DESIGNet, said, We view this merger as a great opportunity for the company as a whole, our employees and, most importantly, our customers. In addition to providing enhanced technical services to our customers locally, we will now be able to meet their needs on a national and international level. Mr. McClannan will continue to serve as President of Black Box Network ServicesSan Jose Operations, reporting to Mr. Lis. Mr. Immel will continue to serve as Vice President reporting to Mr. McClannan.
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
