Cyient acquisition Credit: Cyient
Cyient, a global engineering and digital solutions provider, has announced plans acquire IG Partners, an Australian consulting firm, to expand its end-to-end offerings for the resources sector.
According to Cyient, this acquisition will “enable its customers to take advantage of the convergence of operational and information technologies by leveraging the synergies between Cyient’s proven ability in operational efficiency, asset optimization, and digital transformation, and IG Partners’ value creation and transformation in asset and capital-intensive industries.”
Cyient has a growing presence in Australia, where it provides solutions to the mining and oil and gas industries, among others. The company continues to invest in expanding its footprint to create sustainable value for stakeholders.
The terms of the IG Partners transaction are confidential and the deal is conditional on regulatory approvals.
“Mining is an important focus industry and Australia a strategic region for Cyient’s growth,” Krishna Bodanapu, Cyient’s managing director and CEO, said in a release. “Mining (industry) is getting transformed with convergence of digital technologies. With this investment, the powerful synergy of Cyient’s digital execution capabilities and IGP’s advisory expertise creates a unique value proposition for the industry.”
“Our team welcomes the firm’s proposed acquisition by Cyient as a transformative moment for both businesses,” Herman Kleynhans, founder and managing partner of IG Partners, added. “In joining Cyient, we see tremendous synergies in supporting our customers’ benefit from Industry 4.0. The combination of Cyient’s leading engineering and technology solutions and IG Partners’ mining and utilities expertise uniquely positions us to support value and productivity breakthroughs leveraging digital technologies.”
IG Partners’ customers include large mining companies. The consultancy has a track record of transformation in asset and capital-intensive industries. Founded in 2012, IG Partners has developed scalable IP (intellectual property) and methodologies that allow it to offer end-to-end services across the entire business value chain.
For more information, visit www.Cyient.com.