Cyient to acquire Citec for Rs 800 crore

Cyient, an IT firm, will acquire Citec, a plant and product engineering services company, for approximately Rs 800 crore in an all-cash deal. Citec serves energy, mining, process, oil and gas, and manufacturing industries, with 1,200 employees worldwide.

“Cyient, an IT firm, will acquire Citec, a worldwide plant and product engineering services company, for around Rs 800 crore in order to expand its business offerings.”apac.cxotv.news

• 2 sources
• apac.cxotv.newsIT Company Cyient to Acquire CitecCXOtv StaffApr 26, 2022
• icicidirect.comcyient acquires 100 percent stake in citec | ICICI DirectApr 26, 2022

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