M&A Deal Summary

Cyient Acquires Citec

On April 25, 2022, Cyient acquired engineering company Citec from Sentica Partners

Acquisition Highlights
  • This is Cyient’s 3rd transaction in the Engineering sector.
  • This is Cyient’s 1st transaction in Finland.

M&A Deal Summary
Date 2022-04-25
Target Citec
Sector Engineering
Buyer(s) Cyient
Sellers(s) Sentica Partners
Deal Type Add-on Acquisition

Target

Citec

Vaasa, Finland
website
Citec provides technical design and information management services to its customers, many of which operate in the energy, oil, and gas industries. Citec was established in 1984 and is based in Vaasa, Finland.

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Buyer(S) 1

Buyer

Cyient

Hyderabad, India

website

Category Company
Founded 1991
Sector Engineering
Employees8,650
Revenue 45.3B INR (2022)
DESCRIPTION

Cyient (formerly Infotech Enterprises) provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. Cyient was founded in 1991 and is based in Hyderabad, India.

DEAL STATS #
Overall 14 of 16
Sector (Engineering) 3 of 3
Type (Add-on Acquisition) 12 of 14
Country (Finland) 1 of 1
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 WorkForce Delta

Melbourne, Australia

WorkForce Delta is a consulting firm in mobile workforce management and field service management. The Company creates, enhances or redesign your Workforce Management strategy to ensure optimal alignment between your organisational strategy and field execution. WorkForce Delta was founded in 2015 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Grit Consulting

Singapore, Singapore

Grit Consulting is a global performance improvement design consultancy that unlocks value by catalyzing the integration of technology, people, systems, and process, to activate resilient and thriving future-fit organizations faster. Grit Consulting was founded in 2014 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

Sentica Partners

Helsinki, Finland

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sentica Partners is a private equity group focused on investing in and developing small to mid-sized Finnish companies. Sentica looks for businesses generating sales of €10 to €100 million. The Firm is a generalist investor, but areas of particular interest include IT services, healthcare services and products, business services, consumer goods, manufacturing, and engineering. Sentica Partners in its present form was founded in 2004. The Firm has offices in Helsinki and Kuopio.

DEAL STATS #
Overall 23 of 23
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Finland) 23 of 23
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Dimex

Leppävirta, Finland

Dimex is a designer, manufacturer, and sells workwear. From the ladder stream, from which we are already pushing the best in the world in the second generation clothing for employees in transportation, construction, earthmoving, industrial property maintenance, logistics, landscaping, and HVAC technology. Dimex was founded in 1982 and is based in Leppävirta, Finland.

Buy -
Mergr

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