Cyient Limited today said it has signed a definitive agreement to acquire 49 per cent stake in one of its subsidiaries, Cyient Insights Private Limited, (formerly Invati Insights) making the target company a 100 per cent-owned subsidiary.
A company press release said Cyient secured 51 per cent ownership of the company in 2014.
The complete integration of the subsidiary creates a unique and comprehensive ecosystem of engineering services, IoT and analytics, which not only enables Cyient to meet global customer expectations,but also to achieve its strategic goal of providing complete systems and solutions to its clients across every industry it serves, Cyient said.
Cyient Insights has already gained significant traction with global clients in the industrial and aerospace industry and will continue to expand into other industries, such as medical and automotive,to enable actionable business insights, predictive action planning and digital transformations, it added.
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