Cyient to acquire remaining 49% stake in data sciences unit

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The transaction is subject to customary closing conditions and is likely to be completed within seven days, Cyient said in a stock-exchange disclosure.Incorporated in May 2013, Cyient Insights acquires, manages and analyses the vast amount of data generated by sensors embedded in machines and devices.Cyient is a mid-tier IT services company specialising in enterprise research and development and geospatial information systems.The company focuses on sectors such as aerospace and defence, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.The company has struck several merger and acquisition deals in recent years to expand its business.

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