AGC Networks all set to Acquire Fujisoft in Middle East

The global solutions integrator and an Essar enterprise, AGC Networks Limited (BSE: 500463, NSE: AGCNET) announces its plans to acquire Fujisoft (along with its associated companies in UAE) through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi.

This move will further increase and strengthen AGC’s presence and offerings in the MEA region. “We are excited to welcome Fujisoft team members as part of the AGC family,” says Sanjeev Verma, Executive Director & CEO, AGC Networks and President & CEO, Black Box Corporation. “This acquisition accelerates our expansion in MEA region. In our pursuit to remain the customer’s trusted partner in providing technology solutions and services, the combination of Fujisoft and AGC will strengthen our relationship and relevance with our combined customers in the region,” Verma continues.This will also enhance the current solution portfolio of AGC and Black Box across cloud computing & virtualization,

Bringing Fujisoft under the umbrella of AGC Networks will surely enable customers to garner the cross leverage across AGC and Black Box solution offerings and services support base in the region

cyber security, managed SoC & NoC, managed services, data center and collaboration solutions.

Albert Raj, Managing Director, Fujisoft, says, “This acquisition is a logical next step that creates substantial value for customers and stakeholders of both AGC and Fujisoft. It will truly benefit customers and business partners through expanded product portfolio and service excellence in the Middle East region and beyond.”

Deepak Kumar Bansal, Chief Financial Officer, AGC Networks, says, “Bringing Fujisoft under the umbrella of AGC Networks will surely enable customers to garner the cross leverage across AGC and Black Box solution offerings and services support base in the region.”
Rohit Himatsingka, Vice President & Head Corporate Development & Strategy, AGC Networks, adds “Operating within the restrictive parameters of Work from Home during the current COVID times and under the new normal, this challenging and unique acquisition by AGC is in the wake of our focused approach on continuing to be at the forefront to offer the best technology solutions and services in the various markets that we operate in.”