 "Cyient Q2 net up 9% to Rs 98.5 crore")
Cyient gained 6% to Rs 493 on the BSE after the company announced acquisition of US-based Certon Software Inc., in an all cash transaction.
“Cyient Inc., USA, a wholly owned subsidiary of the company, has signed a definitive agreement to acquire 100% equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction,” Cyient said in a BSE filing.
This transaction will further strengthen the automation in its key vertical aerospace and defense in line with strategy for growth. The acquisition of Certon brings complimentary skills to strengthen Cyient’s Avionics solution, it added.
The company
“Cyient Inc., USA, a wholly owned subsidiary of the company, has signed a definitive agreement to acquire 100% equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction,” Cyient said in a BSE filing.
This transaction will further strengthen the automation in its key vertical aerospace and defense in line with strategy for growth. The acquisition of Certon brings complimentary skills to strengthen Cyient’s Avionics solution, it added.
The company
