According to the firm, the combination with Black Box will substantially strengthen AGC's presence and offerings to more than 25 countries across six continents.
Besides, the acquisition will help 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 serving clients worldwide.
"A concrete benefit of this acquisition is the diversity of offerings, markets and clients between the two companies, with little overlap," the company said in a statement.
"This diversity presents tremendous opportunities for our clients, vendors and global team members. We strongly believe in the philosophy of think globally, but act locally where our relationships exist."
As per the statement, 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 story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.