Engineering and know-how options firm Cyient has absolutely built-in Citec, the Finland-based worldwide plant and product engineering firm it had acquired final yr.
Of the 20 acquisitions Cyient has accomplished over its 32-year historical past, Citec was the biggest in phrases of income, valuation, quantity of folks, and geographic areas. It was additionally its first within the Nordic area, and the acquisition has supplied expanded capabilities in sustainability companies and plant engineering. Founder chairman B.V.R Mohan Reddy visited Citec workplaces in Vaasa and Helsinki to commemorate the integration, the Hyderabad-based firm stated in a launch on Monday.
Cyient has entered into an MoU with Vaasa-based Novia University of Applied Sciences underneath which the 2 organisations have agreed to companion in analysis and innovation, training, ability growth programmes and recruitment. Participating in an occasion organised on the event, Ambassador of India to Finland Raveesh Kumar stated that Cyient has promised to construct relationships with native innovation hubs, instructional establishments and the enterprise neighborhood to advertise the nation.
“Both Finland and India enjoy a warm relationship. Finland can be a launching platform for Cyient to expand their presence in Europe,” he stated.
