The transaction is a combination of cash and equity swap ,entailing upfront cash payment of $10 million and issuance of 745,000 equity shares of ADSL to ENPT, with an additional cash infusion of
$ 4 million in En Pointe Global.
This acquisition is revenue and earnings accretive to ADSL and is expected to strengthen the opportunity pipeline for the company in the US market for its remote service offering and also use the acquired entity as a platform for several other inorganic growth initiatives across the globe.
"This acquisition underlines our commitment to expand geographically in the IT infrastructure management domain," said Nitin Shah, CMD of Allied Digital.
The global market opportunity for remote infrastructure management services has been predicted to reach $70 billion, according to industry association NASSCOM.
