Cyient Limited has informed the Exchange about Acquisition
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cyient Limited has entered into a definitive agreement to acquire 100% of Tao Digital Solutions Inc., a global digital engineering firm based in the USA, for an enterprise value of US$ 218 million (~9.5x CY27E EBITDA), funded through cash including an upfront payment and performance-linked earnout. Tao Digital specialises in data platforms, AI-enabled solutions, and cloud services, and serves marquee clients across Automotive, Hi-Tech, and HealthTech sectors in North America, India, Europe, and Asia. The target group includes 9 entities across Canada, India, Taiwan, Greece, Germany, Czech Republic, Australia, and New Zealand. Tao Digital has approximately 3,500 employees and has shown strong revenue growth: US$ 19.7 million (CY2023), US$ 50.3 million (CY2024), and US$ 79.1 million (CY2025). The acquisition is subject to customary regulatory approvals and is targeted for completion by September 30, 2026. The deal is stated to be at arm's length and not a related party transaction.
This acquisition strengthens Cyient's capabilities in AI and data engineering, supporting its Intelligent Engineering proposition. The ~4x revenue growth trajectory of Tao Digital over two years is positive, though the ~9.5x EBITDA valuation is on the higher side, which investors may scrutinize.