Cyient is a Hyderabad based Engineering Services organization. Founded in 1992 (as Infotech Enterprises) by BVK Mohan Reddy (recently awarded the Padma Shri), it has grown from a GIS data processor to a complete Engineering Services player. They claim to be the pioneers in Engineering Services Outsourcing and the de facto leader in pureplay Engineering services in India. Chief industries of focus are Aerospace & Defence, Utilities and Communication, with primary clients in the US.
Strengthens Avionics capabilities through acquisition
Building a stronger portfolio for Aerospace (40% of business)
Cyient (CYL) announced the acquisition of Certon Software, a testing and
validation provider for various portions of the Avionics value chain,
headquartered in Florida, US.
The acquisition would strengthen CYL’s capabilities in Aerospace & Defense
(40% of total revenue) in Avionics.
The transaction would add 1.5% to CYL’s revenue and would be EPS accretive
Indian Traders Den expects Cyient to move up in coming months to 600+ levels