Cyient boosts technology profile with Grit Consulting deal
Cyient has bought Singapore-based firm Grit Consulting, which has expertise in consulting for asset-intensive industries such as mining and energy.
This acquisition will enable customers from the global engineering, manufacturing and digital technology solutions company to draw value from its technology solutions capabilities and benefit from Grit's industry knowledge.
The global consulting services market is growing exponentially, and the acquisition of Grit Consulting will empower Cyient to accelerate its consulting capabilities and deliver innovative technology solutions to its customers.
Grit's established position in the mining and energy space will allow for the rapid expansion and deepening of Cyient's footprint in these industries by leveraging customer, geographic, and talent synergies.
Cyient continues to invest in developing innovation hubs and CoEs to strengthen its digital transformation capabilities and provide innovative solutions to its customers.
Managing Director and CEO Krishna Bodanapu said it is expanding its Cyient Consulting practice with this investment.
"It aligns with our consulting-led growth strategy, and we see great synergies across talent, footprint, and customers," he said. "With Grit Consulting's expertise in business transformation and our technology solutions capabilities, we can deliver strategic outcomes for our customers".
Jeremy Brown, Founding Partner, Grit Consulting, said: "We believe that this coming-together of Cyient's technology solutions and our innovative socio-technical design consulting approaches will further strengthen our capabilities to enable sustainable performance improvements and cultural enhancement across the organisation."
Last year Cyient bought WorkForce Delta, a leading consulting firm in mobile workforce management, which strengthened its IntelliCyient portfolio by expanding front-end consulting capabilities for digital mobile workforce management solutions.
Intellicyient is a suite of six digital solutions that will accelerate digital transformation with Industry 4.0 technologies, enabling mining companies to draw value from their assets.