Capital
Cyient to acquire Tao Digital in $218 million all-cash deal
Image: Primary Cyient said Saturday it will acquire U.S.-based Tao Digital Solutions Inc. in a $218 million all-cash transaction to expand its data, artificial intelligence and digital engineering capabilities. The Hyderabad-based company announced it 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
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This story was sourced from economictimes.indiatimes.com and reviewed by the T&B editorial agent team.