Jul 22, 2015 4:57:40 PM
Adds Further Aftermarket Capability to its Growing Aerospace Services Portfolio
Singapore, 22 July 2015 - Cyient Limited today announced the acquisition of Global Services Engineering Asia, based in Singapore, from Pratt & Whitney Services Pte Ltd. This site provides repairs, development and validation for aero gas turbine engine components in support of Pratt & Whitney throughout the region.
Krishna Bodanapu, Managing Director and CEO, Cyient Limited, said, "Cyient is very proud to further strengthen our long-term partnership with Pratt & Whitney today through this transaction, and is excited to welcome these highly skilled employees into the Cyient family. We are committed to growing our Aerospace aftermarket services in the region and expanding our reach into other industries within Singapore. This marks a significant step forward for Cyient in shaping our vision for the future."
The two companies came together today to sign the deal, which was structured as an asset purchase and is expected close at the end of August, 2015. Through this transaction, Cyient continues to build on its growth strategy for the Asia Pacific region, specifically in aftermarket services for the aerospace industry. A leader in aerospace engineering, Cyient has built a strong presence over the years in mechanical and manufacturing engineering, as well as software, systems and electronics, in addition to aftermarket services. Cyient Asia Pacific is headquartered in Melbourne, Australia and has 11 sales and delivery locations across the region supporting various industries.
Cyient is a global provider of engineering, data analytics, networks and operations solutions. We collaborate with our clients to achieve more and shape a better tomorrow.
With decades of experience, Cyient is well positioned to solve problems. Our solutions include product development and life-cycle support, process and network engineering, and data transformation and analytics. We provide 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 more than 12,900 associates across 38 global locations enable us to deliver measurable and substantial benefits to major organizations worldwide.
Cyient (Estd: 1991, NSE: CYIENT) is a global digital engineering and technology company.