Deals
Carlyle-Backed Cyient Scouts for Second Takeover in Year
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Cyient Ltd., an Indian software services provider to the aerospace and automotive industries, plans to buy at least one more company this fiscal year, Chief Executive Officer Krishna Bodanapu said.
The acquisition would be its second in the year that will end March 31 and may have a value of “upwards of $10 million,” Bodanapu said in an interview in Hyderabad, where the company is based. The target “may be” in Europe, he said.