Cyient acquires ADGCE to strengthen Middle East operations, target energy sector

• Cyient acquired Abu Dhabi-based ADGCE to expand its operations in the Middle East.
• The acquisition aims to strengthen Cyient's presence in key sectors like energy, utilities, transportation, and connectivity in the region.
• ADGCE's expertise in technology consulting and digital services, particularly in the energy sector, will bolster Cyient's digital transformation offerings.
• Cyient's expanded presence will support smart infrastructure development and digital modernization in the Middle East, a region expected to invest over $200 billion in energy.
• Cyient's shares ended 1.24% higher on December 11, despite a year-to-date fall of over 36%.

Why It Matters: Cyient expands Middle East operations, strengthening digital services in key sectors.