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New Deal


Announced

AGC Networks to acquire Fujisoft.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

datacentres

Friendly

Acquisition

Pending

Majority

Single Bidder

United Arab Emirates

IT Services: Other

technology solutions

Synopsis

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AGC Networks, an information and communication technology solution provider and integrator, agreed to acquire Fujisoft, an information technology solutions and service provider. 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. Financial terms were not disclosed. "We are excited to welcome Fujisoft team members as part of the AGC family. 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, AGC Networks Executive Director and CEO.

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