Mid-tier engineering services provider Cyient has said it will acquire US-based Tao Digital Solutions Inc in a $218-million all-cash transaction as it looks to expand its data, AI, and digital engineering capabilities.
The Hyderabad-based company has entered into a definitive agreement to acquire 100% of Tao Digital, including its group entities in Canada, India, Taiwan, Greece, Germany, the Czech Republic, Australia and New Zealand. The transaction is expected to close by the second quarter of FY27, subject to regulatory approvals and customary closing conditions, it said in a regulatory filing on Saturday.
