Add-on Acquisition • Business Services

Cyient Acquires Celfinet

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date June 6, 2022
Target Celfinet
Sector Business Services
Buyer(s) Cyient
Deal Type Add-on Acquisition
Deal Value 41M EUR

Target Company

Celfinet

Lisbon, Portugal
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 Overview 1

Buyer

Cyient

Hyderabad, India

Category Company
Founded 1991
Sector Diversified
Employees12,733
Revenue 71.5B INR (2024)
DESCRIPTION

Cyient 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 Context for Buyer #
Overall 16 of 17
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Azimuth AI

Folsom, California, United States

Azimuth AI is a manufacturer of silicon products which develops ASICs for Edge Computing Applications. Azimuth AI was founded in 2023 and is based in Folsom, California.

Buy -