Cyient, a leading global Technology Solutions company, today announced that it is set to acquirethe Singapore-basedfirm Grit Consulting, which has deep-rooted expertise in consulting forasset-intensive industries like metal mining and energy. This acquisition willenable Cyient customers across sectors to draw value from the Grit’s deep knowledgeandCyient’s technology solutions capabilities.
The global consulting services market is expected to cross $1.2 Trillion by 2025, and the acquisition of Grit Consulting will empower Cyient to accelerate its consulting capabilities and deliver innovative technology solutions to its customers. Grit is well established in the mining and energy space and will allow for the rapid expansion and deepening of Cyient’s footprint in these industries by leveraging customer, geographic, and talent synergies. To complement this, Cyient continues to invest in developing innovation hubs and CoEs to strengthen its digital transformation capabilities and provide innovative solutions to its customers.
Commenting on the acquisition, Cyient’s MD and CEO, Krishna Bodanapu, said, “We are expanding our Cyient Consulting practice with this investment. It aligns with our consulting-led growth strategy, and we see great synergies across talent, footprint, and customers. With Grit Consulting’s expertise in business transformation and our technology solutions capabilities, we can deliver strategic outcomes for our customers”.