AGC Networks completes Acquisition of Black Box

AGC Networks Ltd, the trusted go-to-technology-solution-integrator, announced that its wholly-owned subsidiary has completed the acquisition of Black Box Corp, a leading digital solutions provider in the US.

The combination with Black Box will substantially strengthen AGC’s presence and offerings in North America, extending the company’s footprint to 25+ countries across six continents. The acquisition will also help add US$600 million to AGC’s revenue, taking the company’s combined revenue to over US$750 million, and global headcount to more than 4,000 people serving clients worldwide.

“We are excited to have Black Box become part of the AGC family,” said Sanjeev Verma, executive director and CEO of AGC Networks, and president  and CEO of Black Box.

“Black Box’s skilled teams and strong client relations with world-class enterprises and partners will allow us to better serve our global clients. In the immediate term, Black Box and its subsidiaries will continue to operate as is. The two companies will together create a unique organization that has the scale to deliver worldwide technical solutions to the largest and most complex corporations.”

A concrete benefit of this acquisition is the diversity of offerings, markets and clients between the two companies, with little overlap. This diversity presents tremendous opportunities for our clients, vendors and global team members. We strongly believe in the philosophy of think globally (as our clients do), but act locally where our relationships exist. Our expanding local presence will be among our defining strengths and “Think Globally, Act Locally” will be the cornerstone of our vision as we move forward.

As a result of the earlier tender offer and the subsequent merger, which were completed, Black Box Corporation will become a private company and its shares of common stock will no longer be publicly traded. This will result in Black Box becoming a 100 percent subsidiary of AGC.