Cyient Ltd.

Cyient has signed a definitive agreement to acquire 74% equity in Rangsons Electronics, a leading electronics system design and manufacturing services company, headquartered in Mysore, India, in an all-cash transaction. The acquisition positions Cyient strongly to expand into high-technology and high-value, design-led systems and solutions in line with the company's S3 (services. systems and solutions) strategy.

The acquisition will also help Cyient to position itself as a strong offset partner. Further, integrated end-to-end capabilities would strengthen the company's contribution to the 'Make in India' program announced recently by the union government.

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.