Cyient to acquire 74% stake in Rangsons Electronics

Hyderabad, Jan 2: Cyient Limited Friday announced that it will acquire 74 percent equity stake in Rangsons Electronics Private Limited, a leading electronics system design and manufacturing services company. Cyient said in a statement that it has signed an agreement to acquire equity stake in the Mysuru-based company in an all-cash transaction. It, however, has not disclosed the size of the deal. The acquisition positions Cyient strongly to expand into high-technology and high-value, design-led systems and solutions, the Hyderabad-based firm said. Rangsons is a well-established ESDM and systems integration vendor with over two decades of experience in developing highly complex systems.