Black Box Ltd.

BSE: 500463 | NSE: BBOX
Small Cap | Telecommunication - Equipment
514.60
-2.95 (-0.57%)
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AGC Networks’ arm completes acquisition of Black Box Corporation

Date: 08-01-2019

AGC Networks’ wholly owned subsidiary -- AGC Networks Pte., Singapore has completed the acquisition of Black Box Corporation, a leading digital solutions provider. As a result of the tender offer, and the subsequent merger, Black Box Corporation will become a private company, its shares of common stock will no longer be publicly traded. This will result in Black Box Corporation becoming a 100% Stepdown subsidiary of AGC Singapore as a result of this process.

The combination with Black Box will substantially increase AGC's presence and offerings in North America. In addition, AGC will enhance its footprint in providing technologies and services throughout six continents. The acquisition will be significant for AGC, expected to add over $600 million in annual revenue and approximately 3,000 team members serving clients worldwide.

AGC Networks is the client’s trusted global technology integrator to architect, deploy, manage and secure their IT environment through customized solutions and services that accelerate their business.