Cyient acquires UK-based geospatial firm Blom Aerofilms

The financial details of the deal were not disclosed


The acquisition positions Cyient to expand into geospatial services, where it is already present
The acquisition positions Cyient to expand into geospatial services, where it is already present

Hyderabad: Cyient Ltd (formerly Infotech Enterprises Ltd) on Monday said it has signed a definitive agreement to acquire UK-based geospatial services provider Blom Aerofilms Ltd, in an all-cash transaction.

“Cyient Europe Ltd, UK, a wholly-owned subsidiary of the company, has signed a definitive agreement to acquire 100% equity in Blom Aerofilms Ltd, Cheddar, Somerset, England,” the company said in a statement.

The financial details of the deal were not disclosed.

Blom Aerofilms is one of the largest providers of aerial imagery and geospatial data based in the UK. The company uses a versatile fleet of aircraft and scanners to capture oblique and vertical aerial photography and topographic survey data using LiDAR. Blom uses this information to produce a range of data sets, such as 3D models and vector mapping, for local and regional government, transport, infrastructure, engineering and environmental industry sectors.

Hyderabad-based Cyient provides engineering services to companies in aerospace, consumer, energy, medical, oil and gas, mining, heavy equipment, semi-conductor, rail transportation, and utilities and communications sectors.

The acquisition positions Cyient to expand into geospatial services, where it is already present.

Shares of Cyient rose 0.11% and were trading at Rs.465.75 on the BSE at 10.35am, while the benchmark Sensex gained 0.92% to 27,525.21 points.

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