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AGC Networks’ arm enters into SPA to acquire entire stake in Dragonfly Technologies

11 Sep 2021 Evaluate

AGC Networks’ Indirect Wholly-Owned Subsidiary -- Black Box Technologies Australia Pty has entered into a Share Purchase agreement (SPA) with KAK Nominees Pty, Cylaiako Nominees Pty and CTA Consulting Pty, to acquire 100% of shares of Dragonfly Technologies Pty, for total consideration of approximately Australian Dollar 7.43 million, payable 50% at the time of closing and remaining 50% on performance based earn-outs over a period of 3 years from closing. 

Dragonfly Technologies Pty is into the business of providing Cyber Security Solutions, Enterprise Networking Solutions and Automation & Consulting services. The said acquisition is anticipated to be completed within 90 days of signing the share purchase agreement subject to approvals from Foreign Investment Review Board (FIRB). 

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.

Black Box Share Price

532.60 5.60 (1.06%)
21-Apr-2026 12:43 View Price Chart
Peers
Company Name CMP
Tejas Networks 408.70
ITI 295.85
Sedemac Mechatronics 1640.00
Black Box 532.60
Quadrant Televenture 0.40
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