Cyient has signed a definitive agreement to acquire Celfinet, an international wireless engineering services company, for Rs 3.40 billion (€41 million). Celfinet is focused on providing end-to-end network planning and performance optimisation services.
With this acquisition, Cyient strengthens its Wireless engineering practice to support communication service providers (CSPs) and enterprises in deploying their pervasive connectivity networks at scale. The addition will further strengthen Cyient’s presence in Europe, where Celfinet has a strong footprint, and help scale Cyient’s business across North America and Australia.
Besides, Celfinet’s deep expertise and long-standing customer relationships will further add to Cyient’s capabilities as the company aims at strengthening its technology play in wireless networks for 5G rollouts.