Consequently, the company has now completed the acquisition, it added.
In its August 31 filing, Cyient had said the enterprise value included an upfront AUD 11.6 million on a cash free and debt free basis, and earn outs based on future performance.
Integrated Global Partners Pty Ltd (IG Partners) is headquartered in Melbourne, Australia and employs about 40 employees and consultants. Founded in 2012, its revenue for FY2020 was AUD 14.8 million.
Cyient has a growing presence in Australia, providing solutions to the mining, oil and gas, rail, telecom, and utility industries.
The acquisition adds to Cyient's footprint in Australia, which is an important region for the company's future growth, Cyient had said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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