AGC Networks completes acquisition of Black Box Corporation

NEW DELHI: AGC Networks, a technology-solution-integrator has said that it has completed the acquisition of Black Box Corporation, a digital solutions provider in the US.

The acquisition will add $600 million to AGC’s revenue, taking the company’s combined revenue to over $750 million, and global headcount to more than 4,000 people.

Sanjeev Verma, Executive Director & CEO of AGC Networks, and President & CEO of Black Box Corporation said that Black Box’s skilled teams and strong client relations with enterprises and partners will allow us to better serve its global clients. "In the immediate term, Black Box and its subsidiaries will continue to operate as is."

The company said that one of the biggest benefits of the acquisition is that there is very little overlap between the two and the partnership will add a diversity of offerings, markets and clients.