Cyient : Committed to Investing in Technology, Innovation, and Sustainability in Finland
June 26, 2023 at 10:23 am EDT
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Cyient Committed to Investing in Technology, Innovation, and Sustainability in Finland
Jun 26, 2023 7:45:07 PM
Press Release
Cyient completes brand integration of Citec, an acquired entity, on June 16
Cyient signs MoU with Novia University on research, education and skills development demonstrating it's brand promise
Hyderabad, June 26, 2023:Cyient, an engineering and technology solutions company, announced that it has fully integrated the Finland based acquired entity, Citec, into Cyient. As one of the final steps of the integration process, the Founder Chairman of Cyient, Dr. B.V.R Mohan Reddy visited the offices in Vaasa and Helsinki to commemorate this integration into Cyient.
While Cyient has completed 20 acquisitions over its 32-year history, Citec was the largest; in terms of revenue, valuation, number of people, and geographic locations. It was also it's first in the Nordics region and has provided expanded capabilities in sustainability services and plant engineering.
In every major geography Cyient operates in, it not only focuses on business but also in becoming an integral part of the local ecosystem, focusing on technology, innovation, education, and entrepreneurship (start-ups). The company has committed to do the same in Finland. The event held in Helsinki was attended by the Ambassador of India to Finland and Head of Business Finland for India, the Middle East and Africa. "I am impressed by the available talent, the ease of doing business, and the robust start-up ecosystem," said Dr. B.V.R. Mohan Reddy, Founder Chairman, Cyient.Cyient has promised to build relationships with local innovation hubs, educational institutions, and the business community to promote the country. "Both countries (Finland and India), enjoy a warm relationship. Finland can be a launching platform for Cyient to expand their presence in Europe" said Mr. Raveesh Kumar, Ambassador of India to Finland.
As a sign of things to come, Cyient entered into a Memorandum of Understanding (MoU) with Vaasa-based Novia University of Applied Sciences. The two parties have agreed to partner on research and innovation, education, skill development programs, and recruitment.
About Cyient
Cyient (Estd: 1991, NSE: CYIENT) is a global Engineering and Technology solutions company. We collaborate with our customers to design digital enterprises, build intelligent products and platforms and solve sustainability challenges. We are committed to designing tomorrow together with our stakeholders and being a culturally inclusive, socially responsible, and environmentally sustainable organization.
For more information, please visit www.cyient.com
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Cyient Limited published this content on 26 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2023 14:22:21 UTC.
Cyient Limited is an India-based global engineering and technology solutions company. The Company is engaged in providing global technology services and solutions, specializing in geospatial, engineering design, information technology solutions and data analytics. It also specializes in the areas of total electronics manufacturing solutions in the fields of medical, industrial, automotive, telecommunications, defense and aerospace applications, including manufacturing and machining of components for aerospace, automotive and defense industries. Its segments include Digital, Engineering and Technology; Design Led Manufacturing (DLM), and Others. The Digital, Engineering and Technology segment includes transportation, connectivity, hi-tech, automotive, semicon and medical technologies, and the digital, embedded solutions are across the business units. The DLM segment is engaged in the business of electronic manufacturing services. Its platforms include CyFAST, CyMedge, and PlatformX.