NEW DELHI: AGC Networks Limited, a part of Essar Group, will acquire Fujisoft( along with its accompanied business in UAE) through its indirect subsidiary – Black Box Holdings Ltd, a move that will strengthen AGC’s presence and furnishes in the Middle East and Africa( MEA) region.The proposed buy will too enhance the current solution portfolio of AGC and Black Box across shadow compute and virtualisation, cyber protection, managed services, data center and collaboration mixtures, the following statement said.Financial details of the proposed deal were not disclosed.According to beginnings, AGC’s revenue is close to USD 700 million, while that of Fujisoft is about USD 13 -1 4 million.”This acquisition accelerates our stretch in MEA region. In our pursuit to remain the customer’s trusted spouse in providing technology solutions and business, the combination of Fujisoft and AGC will strengthen our relationship and relevant with our blended patrons in the region, ” Sanjeev Verma, Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation, said.Albert Raj, Managing Director of Fujisoft, said the acquisition is a logical next step that creates substantial evaluate for customers and stakeholders of both AGC and Fujisoft.”It will truly benefit customers and business partners through expanded product portfolio and assistance excellence in the Middle East neighborhood and beyond, ” he added.The proposed buy is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development.”Operating within the restrictive constants of Work from Home during the current COVID-1 9 durations and under the brand-new regular, 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 answers and works in the various markets that we operate in, ” Rohit Himatsingka, Vice President and Head Corporate Development and Strategy at AGC Networks, said.

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