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Business EconomyPosted at: Jun 26 2023 6:40PM


Hyderabad-based Cyient completes brand integration of Finland based Citec

Hyderabad, June 26 (UNI) Hyderabad-based Cyient, an engineering and technology solutions company, on Monday 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, the company said in a release here.
It was also its 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 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.
Speaking on the occasion, Dr Mohan Reddy, 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.
On the occasion, 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.
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