Hyderabad — June 6, 2022 — Cyient, a number one consulting-led, industry-centric, international Expertise Options firm, at present introduced that it had signed definitive agreements to accumulate Celfinet. A global Wi-fi Engineering Providers firm, Celfinet, is concentrated on offering end-to-end Community Planning and Efficiency Optimization companies. Cyient will purchase the Portugal-based firm for EURO 41 Million.
The attain and efficiency of ongoing 5G deployment and early steps in the direction of 6G are creating to some extent the place they supply flawless infrastructure for pervasive and unified connectivity. With this acquisition, Cyient strengthens its Wi-fi Engineering apply to assist Communication Service Suppliers (CSPs) and Enterprises in deploying their pervasive connectivity networks at scale. This may also allow Enterprises to construct networks to harness the ability of 5G and drive their very own Digital Transformation journey. The addition will additional strengthen Cyient’s presence in Europe, the place Celfinet has a powerful footprint, and assist scale Cyient’s enterprise throughout North America and Australia.
Commenting on the acquisition, Krishna Bodanapu, Managing Director and CEO, Cyient, mentioned, “Cyient helps CSPs engineer the networks of tomorrow by delivering options throughout Clever Infrastructure, Good Operations, and Enterprise Community Transformation. Celfinet’s deep experience and long-standing buyer relationships will additional add to our capabilities as we strengthen our expertise play in wi-fi networks for 5G rollouts. As well as, Portugal has a extremely expert engineering workforce, making it a strategic innovation hub for increasing our international supply footprint.”
Nuno Ribeiro and José Mata, Founder and Co-CEOs, Celfinet, declared, “We’re very enthusiastic about this new journey we’re beginning with Cyient. Regardless of many approaches over time, it was important to attend for the precise slot in an organization to take over the enterprise and unleash our potential. Cyient offered not solely shared values but additionally an bold and progressive imaginative and prescient for the long run, with Celfinet performing because the cornerstone funding to drive Cyient’s Wi-fi Engineering ahead.”
Cyient (Estd: 1991, NSE: CYIENT) is a number one consulting-led, industry-centric, international Expertise Options firm. We allow our prospects to use expertise imaginatively throughout their worth chain to unravel issues that matter. We’re dedicated to designing tomorrow along with our stakeholders and being a culturally inclusive, socially accountable, and environmentally sustainable group.
For extra info, please go to www.cyient.com
Headquartered in Lisbon, Portugal, Celfinet has efficiently constructed a global enterprise combining excellent wi-fi engineering experience and greatest at school community administration options portfolio to enhance community high quality and wiresless buyer expertise while on the similar time decreasing capex and opex.
For extra info, please go to www.celfinet.com