Cyient to acquire IG Partners to expand digital capabilities in mining
Category: #business  By Pranali Mehta  Date: 2020-08-31
  • share
  • Twitter
  • Facebook
  • LinkedIn
Cyient to acquire IG Partners to expand digital capabilities in mining

Hyderabad-based engineering and digital solutions provider, Cyient Ltd., is reportedly planning on acquiring IG Partners, an Australian consulting firm. Sources with relevant information stated that the buy-out will allow Cyient to expand its digital portfolio in mining and energy sectors.

Cyient has a growing presence in Australia and focuses on offering its digital and engineering-based solutions to utility, telecom, rail, oil & gas, and mining industries in the country, sources claimed.

Krishna Bodanapu, Cyient’s Managing Director and CEO reportedly stated that the company is focusing on expanding its presence in Australia and develop a sustainable solution for its stakeholders. He added that the takeover would help Cyient to build and deliver a new service that will allow consumers to take full advantage of the rising integration of operational processes with IT solutions.

Founder and MD at IG Partners, Herman Kleynhans, was reported saying that the acquisition is a transformative movement for the two companies. He further claimed that by joining hands with Cyient, IGP’s customers can benefit from Industry 4.0 technology.

Kleynhans also stated that the combination of IGP’s mining and utilities expertise and Cyient’s leading technology solutions can offer productive and innovative solutions to clients.

For those uninitiated, IG Partners, which was established in 2012, has a team that comprises of analysts, project managers, consultants, practice leads and partners. Currently, the company caters to various large mining players including Fortune 500 companies.

Although the financial terms of the acquisition were not disclosed, sources claimed that all key management personnel of IG Partners will stay within the firm under the Cyient’s banner.

 

Source Credits –

https://economictimes.indiatimes.com/tech/software/cyient-to-acquire-australian-consulting-firm-ig-partners/articleshow/77843875.cms

https://www.thehindubusinessline.com/info-tech/cyient-to-acquire-australian-consulting-firm-ig-partners-to-strengthen-business-in-energy-and-mining-sectors/article32484172.ece

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Saudi Arabia to recommence tourist visa provision by early 2021
Saudi Arabia to recommence tourist visa provision by early 2021
By Pranali Mehta

Post months of suspending travel in and out of the country, so as to ensure the prevention of the coronavirus spread amid enforcement of stringent government measures, Saudi Arabia now plans to resume tourist visas by the beginning of 2021.The announ...

Singapore seeking proposals for harbourcraft electrification
Singapore seeking proposals for harbourcraft electrification
By Pranali Mehta

The Singapore government, is reportedly looking for proposals for electrification of harborcrafts, small harbor boats, that typically use oil as fuel and operate only inside the country’s waters. These vessels are generally used to move a small...

Ecology becomes third building society to raise funding through CCDS
Ecology becomes third building society to raise funding through CCDS
By Pranali Mehta

Sustainable lender Ecology Building Society has managed to raise £3 million from Core Capital Deferred Shares (CCDS), making it the third and smallest building society to secure capital through this form of instrument.  Reportedly, Ecolog...