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Cyient to acquires remaining 49% stake in Cyient Insights

Press Trust of India  |  Hyderabad 

Limited today said it has signed a definitive agreement to acquire 49 per cent stake in one of its subsidiaries, Insights Private Limited, (formerly Invati Insights) making the target company a 100 per

A company press release said 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 and will continue to expand into other industries, such as medical and automotive,to enable actionable insights, predictive action planning and digital transformations, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 19:40 IST