Carrier International (Mauritius), a subsidiary of United Technologies Corporation (UTC), has executed a trade to divest its balance equity shareholding in Cyient. This is the second tranche of divestment, the first being done earlier on June 07, 2017.
UTC first invested in Cyient in 2002 when the company was establishing itself as a global engineering services company. Since that time, Cyient has grown considerably and remains a trusted service provider to UTC with over 1,600 engineers engaged on UTC projects worldwide.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.
