Cyient To Acquire Portugalbased Celfinet To Boost Wireless Communications Offerings

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Պունե. The technology solutions company announced on Monday that it has signed a final agreement to acquire Celfinet, a Portuguese wireless engineering company, for 41 million euros. The company offers ultimate network planning and performance optimization services.

The acquisition will help Cyient consolidate its wireless engineering practices to help CSPs and businesses deploy their ubiquitous communications networks, he said. Krishna Bodanapu, CEO of Cyient,:, said: “Cyient is helping telecommunications providers shape the networks of tomorrow by providing solutions for smart infrastructure, smart operations and business network transformation. Celfinet's extensive experience և Long-term customer relationships will support our capabilities as we build up our technology to deploy a 5G wireless network. In addition, Portugal has highly qualified engineers, making it a hub for strategic innovation to expand our global supply chain.

It will also allow businesses to connect using 5G power, their own digital conversion path. This app will further strengthen Cyient’s presence in Europe, where Celfinet has a strong presence. Cy helps develop Cyient's business in North America - Australia.

“We are very excited about this new adventure we are embarking on with Cyient. “Despite the many approaches over the years, it was important to expect the right person in the company to take over running the business along with our potential,” Nunu Ribeiro and Jose said. Mata, founder and CEO of Celfinet.

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