Cyient acquires USA-based design services company

B&F Design is Cyient's 6th acquisition in last three years as part of its design-build-maintain strategy

Hyderabad-based IT and engineering services company Cyient Limited has said it has signed a definitive agreement to acquire 100 percent equity ownership in US-based design services company B&F Design Inc. The company did not share the financial details involving the deal.

B&F Design employs a team of 47 people, with a revenue of $8-9 million. The firm brings a strong team of technical and domain experts in aerospace tooling along with a common anchor customer, the company said.

With new programmes going into manufacturing, the demand for precision tooling is expected to go up significantly while the company believes that this acquisition