IT organization Cyient will get worldwide plant and item designing administrations organization Citec for about Rs 800 crore to reinforce its business contributions.
Citec was established in 1984, as a global plant and item designing administrations organization serving clients across the energy, mining, interaction, oil and gas, and assembling enterprises. It has 1,200 representatives worldwide.
Cyient said that it will be the biggest outbound securing by an Indian designing administrations organization and, surprisingly, the organization's biggest obtaining to date.
The obtaining will be finished during the quarter.
"This obtaining will upgrade Cyient's situation as a forerunner in the plant and item designing area, fortify its presence in the energy business with an attention on clean energy and grow its European impression in the Nordic nations of Finland, Norway, and Sweden, and in Germany and France," Cyient said...Read More
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