Cyient Ltd.

BSE: 532175 | NSE: CYIENT
Small Cap | IT - Software
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Cyient completes acquisition of Sentiec Oyj, Citec Engineering India

Date: 26-08-2022

Cyient has completed acquisition of Sentiec Oyj and Citec Engineering India. Earlier, Cyient Europe, a wholly owned subsidiary of Cyient entered a definitive agreement with Sentiec Oyj, Finland, which is the parent entity of Citec; and Cyient entered a definitive agreement with Citec Engineering India, India which is a wholly owned subsidiary of Citec.

This acquisition would help Cyient to acquire new capabilities in Plant design engineering, process engineering and technical publications. Addition to Citec’s engineering capabilities to Cyient’s portfolio would help the combined organization to win new projects from customers as well as acquire new customers because of the enhanced portfolio of offerings.

Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.