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New Deal


Announced

Cyient to acquire IG Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial consulting

Majority

Private

Friendly

Management Consulting

Australia

Acquisition

Pending

Single Bidder

Private Equity

Synopsis

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Cyient, a global engineering and digital technology solutions company, agreed to acquire IG Partners, a specialist Australian consulting firm. Financial terms were not disclosed. "Mining is an important focus industry and Australia a strategic region for Cyient's growth. Mining industry is getting transformed with convergence of digital technologies. With this investment, the powerful synergy of Cyient's digital execution capabilities and IGP's advisory expertise creates a unique value proposition for the industry. This acquisition also adds to our footprint in Australia, which is an important region for our future growth," Krishna Bodanapu, Cyient Managing Director and CEO.

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