Cyeint to acquire tech consulting firm IG Partners

Hyderabad-based tech services exporter Cyient has declared its plan to acquire Australian innovation counseling firm Integrated Global (IG) Partners for AU$11.6 million or ₹ 62.49 crore for a 100% value stake.

According to the organization’s filings, IG Partners will be gained by Cyient Australia, a completely owned subsidiary of Cyient, in a whole money exchange. Situated in Melbourne, IG Partners has around 40 workers and specialists.

Cyient means to hold the key administration work force at IG Partners under its proprietorship. As indicated by Cyient, the securing is vital as it will assist them with accessing chiefs with worldwide mining majors and quicken its mining technique to situate itself as a market head in computerized change.

As a feature of the filings, the organization has given a timespan of as long as a half year for the finish of the obtaining relying upon when the Foreign Investment Review Board (FIRB) grands approval.