Cyient has completed the acquisition of 74% equity in Rangsons Electronics, a leading electronics system design and manufacturing services company, headquartered in Mysore, India, in an all-cash transaction, on February 04, 2015. The company had earlier on January 02, 2015 inked a definitive agreement for the same.
Cyient, formerly Infotech Enterprises is a company focussed on engineering, networks and operations. It has more than 12,000 employees across 38 global locations as of March 2014. The company features among the top 30 outsourcing companies in the world.