Cyient Limited, a global leader in intelligent engineering services, has joined forces with Allegro MicroSystems, Inc., a Nasdaq-listed pioneer in power and sensing solutions, to establish a state-of-the-art Center of Excellence (CoE) in Hyderabad, India. The partnership marks a significant milestone in advancing magnetic sensors and power semiconductors for the automotive sector. The new facility, […]
Cyient, a prominent global provider of Intelligent Engineering services, has announced a 27.3% stake acquisition in Azimuth AI, a fabless ASIC (Application-Specific Integrated Circuit) company celebrated for its innovative energy and power solutions. This investment underscores Cyient’s ambitious growth strategy within the semiconductor industry, as it aims to solidify its capabilities in creating advanced, India-designed […]
Cyient DLM Limited, a leading integrated electronics manufacturing company, announced its acquisition of Altek Electronics, a prominent U.S.-based Electronic Manufacturing Services (EMS) provider. This strategic acquisition represents a significant advancement for Cyient DLM, accelerating its growth trajectory, enhancing its geographical footprint across North America, and fortifying its manufacturing capabilities within key sectors. The acquisition is […]
Cyient, a global leader in Intelligent Engineering and Technology Solutions, today unveiled its financial achievements for the quarter ending December 31, 2023, showcasing notable growth across its operations. The company’s Digital, Engineering, and Technology (DET) sector, particularly in aerospace and sustainability, led this quarter’s impressive performance. Financial Highlights for Q3 FY24: Cyient DET reported revenue […]
Cyient DLM, a renowned integrated electronics manufacturing company, has made a significant leap forward with the inauguration of its new precision machining facility in Bangalore. This state-of-the-art facility, boasting an initial capacity of 60,000 hours per annum, is poised for a threefold expansion, increasing its capacity to a staggering 180,000 hours per annum. This will […]
Cyient, a global leader in digital, engineering, and technology solutions, has signed a Letter of Intent (LoI) with Thales, a world-renowned technology company, to collaboratively tackle climate change. The signing, held during Thales’s 70th anniversary in India, marks a significant step towards shared and sustainable long-term value. Commitment to Carbon Reduction The partnership between Cyient […]
Cyient has agreed to acquire Celfinet, a Portugal-based wireless engineering services company, in a deal worth up to €41 million. According to the Indian technology solutions company, 65% of the consideration will be paid upfront, and remaining 35% will be in the form of an earnout over two years based on Celfinet’s performance. Celfinet is […]
Cyient, an Indian technology solutions company, has agreed to acquire Grit Consulting, a Singapore-based performance improvement design consultancy, in a deal worth up to $37 million. Grit Consulting is engaged in offering consultation for asset-intensive industries such as utilities, metal mining, and energy. According to Cyient, the acquisition will help its customers across sectors to […]
Cyient, an Indian technology solutions provider, has agreed to acquire Citec, a Finland-based plant and product engineering services company, for €94 million. The acquisition is the largest to date for Cyient. Citec caters to customers across the energy, oil and gas, mining, process, and manufacturing industries. Established in 1984, Citec is said to have deep […]
Cyient Limited, an Indian engineering and technology solutions company, has launched its management consulting practice under the brand — Cyient Consulting. Through Cyient Consulting, the Indian firm will develop customized, practical, and performance-based business transformation solutions for enterprises spanning different industries to ensure sustainable growth. The move marks the entry of Cyient into the management […]