Cyient to buy out 49 per cent stake in arm

Hyderabad: IT firm Cyient on Tuesday announced that it has inked a definitive agreement to acquire the remaining 49 per cent stake in Cyient Insights to make it a wholly-owned subsidiary.

In a company statement, Cyient said that it had secured 51 per cent ownership of the company in 2014.

The integration creates a comprehensive ecosystem 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,  formerly known as Invati Insights, has already gained significant traction with global clients in the industrial and aerospace industry.