Cyient DLM Limited announced on October 3, 2024, that its board has approved the acquisition of a US-based company. The acquisition will be carried out through Cyient DLM’s wholly-owned subsidiary, Cyient DLM Inc.
While the details of the transaction, including the name of the US entity and financial specifics, were not disclosed, this strategic move aims to expand Cyient DLM’s business presence in the US market. The company has communicated that the acquisition aligns with its growth strategy.
This development has been officially communicated to both BSE Limited and the National Stock Exchange of India Limited as per the regulatory compliance requirements. Further details on the acquisition are expected to be shared in the future