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As on : 30-May-2026
Corporate News
30-May-2026     12:10

Cyient to acquire 100% stake in Tao Digital Solutions Inc.

Cyient has entered into a definitive agreement to acquire 100% stake in Tao Digital Solutions Inc., a company incorporated in USA, subject to customary closing conditions. The acquisition includes cash consideration, including upfront payment and performance-linked earnout. The transaction implies an enterprise value of US$ 218 million, i.e., ~9.5x CY27E EBITDA, excluding management incentives, and retention schemes. The deal is expected to close on or before 30 September 2026.

Tao Digital Solutions Inc. is a global digital engineering firm focused on data, product, and AI-led services, with strengths in data platforms, AI-enabled solutions, and cloud services.

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