Shares of Cyient Ltd are trading flat after touching a day’s high of Rs 1,164.40 on 12th December, even as the company announced on Thursday (11th December) the acquisition of Abu Dhabi and Gulf Computer Est (ADGCE), an Abu Dhabi-based technology consulting and digital services firm, as part of its plan to expand operations in the Middle East.

Cyient said the acquisition will help it scale its Middle East presence across key sectors. These sectors include energy, utilities, transportation, and connectivity. ADGCE, which mainly serves the energy sector, will strengthen Cyient’s capabilities. Specifically, this is in digital transformation, IoT-based solutions, data-led asset management, and field engineering services.

The company said its expanded footprint will allow it to work more closely with governments, utilities, transport operators, telecom providers, and private companies. This collaboration will focus on smart infrastructure, digital modernisation, and design-to-manufacturing solutions.

Cyient noted that the region is expected to invest over $200 billion in the energy sector. This investment creates major opportunities in sustainability, utility upgrades, smart mobility, advanced manufacturing, and public-sector digitalisation.

Executive Director and CEO Sukamal Banerjee said Cyient’s Middle East expansion reflects its commitment to being a strategic digital and engineering transformation partner for the region. He added that the acquisition boosts its ability to deliver localised, future-ready solutions.

At 12:39 PM, shares of Cyient were trading 0.26% lower at Rs 1,151.40 on NSE.

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