Cyient To Divest DLM Seven Years After Rangsons Acquisition

/ October 16, 2022

Cyient is exploring the divestment of its DLM unit seven years after the Rangsons Electronics acquisition. The company wants to keep a minority stake in DLM, still offering design-engineering-short series manufacturing.

Cyient Acquires An Onshore Mining Consulting Unit in Australia

/ August 31, 2020

Cyient is to acquire Melbourne-based Integrated Global Partners (IG Partners) for AUD 12m in cash (USD 9m) + earn-outs. IG Partners is a mining business and organizational consulting firm. The company has a specialty in enterprise asset management. It had in FY20 revenues of AUD 15m (USD 11m) and a headcount of 40.

The Head of Tech Mahindra IES Becomes COO at Cyient

/ March 7, 2020

Karthik Natarajan, the former head of Tech Mahindra’s Integrated Engineering Services (IES), has joined Cyient as COO. We think, the appointment of Mr. Natarajan is a welcome move for Cyient, which has faced growth challenges in the past quarters, resulting from its client concentration and its exposure to Boeing and Pratt & Whitney.