AGC’s wholly-owned subsidiary, on January 7, 2019, completed the acquisition of Black Box Corporation, a leading digital solutions provider in the US. The combination with Black Box has substantially increased AGC’s presence and offerings in 30+ countries and specifically in North America and Europe.
"Increased operational efficiencies and cost optimisation measures taken in Black Box and its continued integration with AGC has started yielding results," the management said in a statement.
Meanwhile, on the BSE, the stock was ruling 19 per cent higher to trade at Rs 130. It has rallied 71 per cent in the past three trading days, from level of Rs 76. Around 29,000 equity shares changed hands on Tuesday as against an average sub 1,000 shares traded in the past two weeks.