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.
Company Name | CMP |
---|---|
ITI | 307.75 |
Tejas Networks | 1204.95 |
Quadrant Televenture | 1.98 |
Black Box | 234.00 |
Avantel | 117.20 |
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