Cyient Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026.
CYIENT · price
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Cyient Limited has entered into a definitive agreement to acquire 100% stake in 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). The acquisition will be through cash consideration including upfront payment and performance-linked earnout, expected to close by September 30, 2026. Tao Digital specializes in data platforms, AI-enabled solutions, and cloud services, serving marquee clients across Automotive, Hi-Tech, and HealthTech sectors. The company has approximately 3,500 employees and demonstrated strong revenue growth from USD 19.7 million in CY2023 to USD 79.1 million in CY2025. Multiple group entities across Canada, India, Taiwan, Greece, Germany, Czech Republic, Australia, and New Zealand will also be acquired as part of the transaction.
This acquisition strengthens Cyient's Intelligent Engineering proposition by adding Production-grade AI and Data Engineering capabilities, potentially creating synergies and expanding the company's digital services portfolio.