Black Box Holdings, Indirect Wholly-Owned Subsidiary of AGC Networks, has entered into a Share Sale Agreement with Z Services Holding, a BVI business company incorporated in the British Virgin Islands on March 11, 2021, to acquire 76% of shares of Z Services HQ DMCC (Target Company being limited liability company incorporated under laws of Dubai Multi Commodities Center), for total consideration of approximately $ 3.94 million, payable at the time of closing.
The said acquisition is anticipated to be completed within 60 days of signing the share purchase agreement.
AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBERi), Digital Transformation & Applications including Simple-Edge and Technology Product Solutions (TPS) to evolve the customer’s digital landscape.
