Black Box in Early Talks to Acquire Aeries Technology at $70-90M Valuation
AERT has more than doubled off its 52-week low of $2.082 on light trading volume (0.2× avg).
Summary
Black Box, backed by Essar Group, is in early talks to acquire Aeries Technology, with a potential valuation of $70-90 million—a significant premium to Aeries' current $36 million market cap. The deal structure, funding, and timeline are not finalized, and it's unclear whether Black Box would buy the whole company or a controlling stake. Aeries, a Mumbai-based outsourcing and offshoring services provider, returned to profitability in FY26 with net profit of $3.5 million and guided FY27 revenue of $80-84 million. This follows Aeries' 1-for-8 reverse split in June 2026 to regain Nasdaq compliance. If completed, this would be Black Box's second overseas acquisition this year after buying Brazil's 2S Inovações Tecnológicas.
At the time of this announcement, AERT was trading at $7.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $36.2M. The 52-week trading range was $2.08 to $7.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CNBC TV18.