Cyient to acquire IG Partners to expand digital capabilities in mining
Category: #business  By Pranali Mehta  Date: 2020-08-31
  • share
  • Twitter
  • Facebook
  • LinkedIn
Cyient to acquire IG Partners to expand digital capabilities in mining

Hyderabad-based engineering and digital solutions provider, Cyient Ltd., is reportedly planning on acquiring IG Partners, an Australian consulting firm. Sources with relevant information stated that the buy-out will allow Cyient to expand its digital portfolio in mining and energy sectors.

Cyient has a growing presence in Australia and focuses on offering its digital and engineering-based solutions to utility, telecom, rail, oil & gas, and mining industries in the country, sources claimed.

Krishna Bodanapu, Cyient’s Managing Director and CEO reportedly stated that the company is focusing on expanding its presence in Australia and develop a sustainable solution for its stakeholders. He added that the takeover would help Cyient to build and deliver a new service that will allow consumers to take full advantage of the rising integration of operational processes with IT solutions.

Founder and MD at IG Partners, Herman Kleynhans, was reported saying that the acquisition is a transformative movement for the two companies. He further claimed that by joining hands with Cyient, IGP’s customers can benefit from Industry 4.0 technology.

Kleynhans also stated that the combination of IGP’s mining and utilities expertise and Cyient’s leading technology solutions can offer productive and innovative solutions to clients.

For those uninitiated, IG Partners, which was established in 2012, has a team that comprises of analysts, project managers, consultants, practice leads and partners. Currently, the company caters to various large mining players including Fortune 500 companies.

Although the financial terms of the acquisition were not disclosed, sources claimed that all key management personnel of IG Partners will stay within the firm under the Cyient’s banner.

 

Source Credits –

https://economictimes.indiatimes.com/tech/software/cyient-to-acquire-australian-consulting-firm-ig-partners/articleshow/77843875.cms

https://www.thehindubusinessline.com/info-tech/cyient-to-acquire-australian-consulting-firm-ig-partners-to-strengthen-business-in-energy-and-mining-sectors/article32484172.ece

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

WhatsApp to soon allow iOS users to hide online status from everyone
WhatsApp to soon allow iOS users to hide online status from everyone
By Pranali Mehta

WhatsApp, the meta-owned messaging and video calling app, is reportedly working on a feature that will offer iOS users the ability to hide their online status from everyone. As per credible source, the feature is expected to come in its update as it ...

Petrofac collabs with Hitachi over offshore joint grid integration
Petrofac collabs with Hitachi over offshore joint grid integration
By Pranali Mehta

Petrofac, an international energy services company, and Hitachi Energy have recently collaborated to provide a joint grid integration and linked infrastructure for supporting the fast-growing offshore wind market. As per sources, this collaboratio...

Street Lighting Control System Market Size, Share to Generate Lucrative Revenues By 2028
Street Lighting Control System Market Size, Share to Generate Lucrative Revenues By 2028
By Pranali Mehta

The research report on Street Lighting Control System market Added by Market Study Report proposes a comprehensive study on the recent industry trends. In addition, the report presents a detailed abstract of the growth statistics, revenue estimation,...