Dec 1, 2016 3:23:32 PM
The acquisition of Blom Aerofilms Ltd. brings complementary skills to strengthen Cyient’s end-to-end geospatial solutions in-line with its S3 strategy.
London, November 30, 2016 — Cyient Europe Limited (“Cyient”), a wholly-owned subsidiary of Cyient Limited, announced today the acquisition of Blom Aerofilms Ltd. (“Blom”) as a new subsidiary with 100% ownership of shares. Blom’s long and well-established reputation for providing high-quality data acquisition will be the key to growing Cyient’s capabilities and achieving its growth plans.
Based in Cheddar, Somerset, UK, Blom is a leading provider of ground surveying, digital mapping, aerial photography, and laser scanning solutions. Blom employs a core team of around 40 people, had CY15 revenue of ~£6M and a sustainable EBITDA margin of ~10% with opportunities to bring in synergies on the back of a global delivery model. Blom’s presence in the UK can be traced back to 1919 when Aerofilms was founded as the UK’s first ever commercial aerial photography company. Over the subsequent decades, the company has built up a wealth of experience and an impressive track record around all types of geospatial data acquisition and services—including aerial and ground-based LiDAR and data modeling.
The business acquired will continue to trade as Blom Aerofilms Ltd. until January 1, 2017, after which it will be known as a Cyient company. On April 1, 2017, the business will be fully integrated into Cyient Europe Ltd.
John Renard, Cyient’s President, EMEA and BU Head for Utilities and Geospatial commented, “Cyient is very proud of our geospatial capabilities around software and data processing. This acquisition complements these skills and also brings us industry-leading knowledge around data acquisition. We believe that by combining Blom Aerofilms with Cyient’s geospatial business, Cyient will be well-positioned as a complete service provider covering acquisition, modeling, and processing services. This is very exciting for both our existing clients and prospects. Also, Cyient will look to extend these combined services into our other key markets such as Smart Cities, Utilities, and Transportation. This marks a significant step forward for Cyient in shaping our vision for the future “ Cyient had earlier announced a definitive agreement to acquire Blom Aerofilms on the November 7, 2016.
About Cyient Limited
Cyient is a global provider of engineering, data analytics, geospatial, network and operations solutions. It collaborates with its clients to achieve more, and to shape a better tomorrow. With 25 years of experience, Cyient is well positioned to solve problems. Cyient’s solutions include product development and life-cycle support, process and network engineering, and data transformation and analytics. The company provides expertise in the aerospace, consumer, energy, medical, oil and gas, mining, heavy equipment, semiconductor, rail transportation, telecom and utilities industries. Strong capabilities combined with a global network of 13,800+ associates across 38 global locations enables Cyient to deliver measurable and substantial benefits to major organizations worldwide.
For more information about Cyient, visit www.cyient.com .
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company.