Cyient to acquire Portugal-based Celfinet for about Rs 340 c

Cyient to acquire Portugal-based Celfinet for about Rs 340 crore

IT solutions provider Cyient will acquire Portugal-based wireless engineering services firm Celfinet for 41 million euro about Rs 340 crore in an all-cash deal, the Hyderabad-headquartered company said on Monday. With this acquisition, Cyient aims to strengthen its wireless engineering practice to support communication service providers CSPs and enterprises in deploying their networks at scale.

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