Cyient, a global engineering, manufacturing, and technology solutions company, announced it has acquired 100 per cent stake in WorkForce Delta, a global consultancy company.
WorkForce Delta, formed in 2015, has a team of consultants with decades of experience advising and executing workforce management programs for corporations globally. This relationship will enable Cyient to offer complete lifecycle solutions from process consulting to solution implementation to analytics and managed support services. Cyient has also built strategic partnerships with multiple industry-leading Mobile Workforce Management platforms, the release said.
According to the exchange filing, Cyient said that the acquisition is made by Cyient Australia Pty Limited, a wholly owned subsidiary of the Company.
The acquisition will bolster the IntelliCyient portfolio by expanding its front-end consulting capabilities for digital mobile workforce management solutions. There has been a growing demand for comprehensive field force
management solutions in the Utilities and Telecom industries. With rapid sectoral growth across regions, Cyient continues to invest in expanding its market presence while creating sustainable value for all stakeholders, it said.
Commenting on the proposed acquisition, Cyient’s MD and CEO, Krishna Bodanapu, said, “Workforce Delta’s growing footprint is a testament to their expertise and the growing market need for streamlined mobile workforce management processes. By leveraging their team of consultants, we aim to become an industry leader in this area across sectors. This acquisition is also in line with our strategic path forward on enabling digital transformation success via our IntelliCyient framework for our customers.”
“We are excited to embark on a new chapter for our organization by joining the global Cyient family,” said Yuri Margoulis, Co-Founder and Managing Director, WorkForce Delta. “Cyient’s extensive range of solutions and offerings are highly complementary to our mobile workforce management expertise and we look forward to leveraging both organizations’ capabilities to deliver more innovation, value-add, and business outcomes to our customers around the world.”
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