A global engineering & digital technology major, Cyient agrees to acquire IG Partners, a specialist Australian consulting firm that services large asset and capital-intensive companies within the resources and energy, government, and manufacturing sectors (B2B).

According to Cyient, with the acquisition, the company looks forward to bolstering its capabilities in three dimensions – an Enterprise Asset Management Solution including predictive maintenance and warranty management, realizing Mining 4.0 with IT/OT convergence, exploration data compilation, minerals exploration data management, and improving Operational Efficiency.

In June, Cyient had collaborated with Microsoft to accelerate Internet of Things Solutions for Industry 4.0. The company has been home to a lot activities over the last few months, which include receiving Silver Boeing Performance Excellence Award, and ISO 13485 quality certification for ASIC Design and Supply, in addition to a significant augmentation of its management team.

In the stamen released, Cyient's MD & CEO, Krishna Bodanapu, said, “Mining is an important focus industry and Australia a strategic region for Cyient's growth. Mining industry is getting transformed with convergence of digital technologies. With this investment, the powerful synergy of Cyient's digital execution capabilities and IGP's advisory expertise creates a unique value proposition for the industry. This acquisition also adds to our footprint in Australia, which is an important region for our future growth.”

Herman Kleynhans, Founder & Managing Partner, IG Partners, said, “Our team welcomes the firm's proposed acquisition by Cyient as a transformative moment for both businesses. In joining Cyient, we see tremendous synergies in supporting our customers' benefit from Industry 4.0. The combination of Cyient's leading engineering and technology solutions and IG Partner's mining and utilities expertise uniquely positions us to support value and productivity breakthroughs leveraging digital technologies.”

Established in 1991 as Infotech Enterprises Ltd, and re-branded as Cyient in 2014, the company focuses on engineering, manufacturing, data analytics, and networks & operations. Founded in 2012, IG Partners is a 70 people strong company.