Acquisitions8 April 2026 at 05:35 am
Cyient Ltd Completes Acquisition of Majority Stake in Kinetic Technologies for USD 85Mn
AI Summary
Cyient Ltd has announced the successful completion of the acquisition of a majority stake of 74% (on fully diluted basis) in Kinetic Technologies by its subsidiary, Cyient Semiconductors Singapore Pte. Ltd. The acquisition was made for a consideration of USD 85Mn. This update comes after the initial announcement made on 17 December 2025.
Key Highlights
- Cyient Ltd has completed the acquisition of a 74% majority stake in Kinetic Technologies.
- The acquisition was made by Cyient Semiconductors Singapore Pte. Ltd., a subsidiary of Cyient Semiconductors Private Limited.
- The deal was finalized for a consideration of USD 85Mn.
- This announcement follows the initial announcement made on 17 December 2025.
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