Info-tech

AGC Networks to acquire Fujisoft in Middle East

Rajesh Kurup Mumbai | Updated on June 01, 2020 Published on June 01, 2020

The acquisition of Fujisoft will enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security and other solutions   -  iStockphoto

AGC Networks Ltd, an Essar group company, is to acquire UAE-based Fujisoft and its associated companies to strengthen its presence and offerings in the Middle East and Africa (MEA) region.

Financial terms of the deal were not disclosed.

The acquisition would be made through its indirect subsidiary, Black Box Holdings Ltd Cayman Islands.

The acquisition of Fujisoft will substantially increase and strengthen AGC’s presence and offerings in the MEA region. This will also enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security, managed SoC & NoC, managed services, data centre and collaboration solutions.

“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,” Sanjeev Verma, Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation, said.

The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development.

Albert Raj, Managing Director, Fujisoft, said: “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.”

Published on June 01, 2020
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