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Intelligent engineering solutions institution Cyient connected Saturday said it is acquiring 100% involvement successful TAO Digital Solutions, a California-headquartered integer engineering steadfast focused connected data, merchandise and AI-led services having beingness too the U.S., successful Canada, India, Taiwan and Europe.
It is simply a currency deal, including upfront outgo and performance-linked earnout. The transaction implies an endeavor worth of $218 cardinal and taxable to customary regulatory approvals and closing conditions expected to adjacent by Q2 FY27.
Cyient said TAO Digital brings 2 synergistic capabilities -- AI and Data Engineering enabling enterprise-grade AI adoption done information and level modernisation, GenAI accumulation deployment, and AI lifecycle operations crossed industries; and Digital and Product Engineering spanning cloud-native platforms, exertion modernisation, level engineering, and prime engineering astatine planetary scale.
“The acquisition strengthens our beingness successful automotive, hitech, healthtech sectors, expands our lawsuit footprint importantly successful North America and our transportation scope crossed regions,” Executive Director and CEO of Cyient Sukamal Banerjee said successful a release.
“Since founding TAO Digital successful 2022, we person built deep, trusted relationships with immoderate of the world’s astir demanding enterprises, earning a beardown estimation for engineering prime and continuous innovation. Joining Cyient takes that to a caller level,” TAO Digital laminitis and CEO Rajkumar Velagapudi said.
