M&A Deal Summary

Cyient Acquires Celfinet

On June 6, 2022, Cyient acquired business services company Celfinet for 41M EUR

Acquisition Highlights
  • This is Cyient’s 4th transaction in the Business Services sector.
  • This is Cyient’s 0th largest (disclosed) transaction.
  • This is Cyient’s 1st transaction in Portugal.

M&A Deal Summary
Date 2022-06-06
Target Celfinet
Sector Business Services
Buyer(s) Cyient
Deal Type Add-on Acquisition
Deal Value 41M EUR

Target

Celfinet

Lisbon, Portugal
website
Celfinet is a vendor-independent company, offering software and engineering solutions for mobile telecommunications operators. Celfinet was founded in 2003 and is based in Lisbon, Portugal.

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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 16 of 16
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 14 of 14
Country (Portugal) 1 of 1
Year (2022) 3 of 3
PREVIOUS 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.

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