Anand Parameswaran, Cyient's Senior Vice President and BU Head for Aerospace and Defense commented, "Cyient holds a leadership position in providing engineering services to the Aerospace and Defense market.

"This acquisition will enable Cyient to create a differentiated value proposition in Avionics that aligns with our Aerospace and Defense strategy of becoming a key Design Led Manufacturing (DLM) player in this space. We expect the industry to have continued investment in avionics driven by technology changes and obsolescence and this acquisition will aid Cyient in strengthening our presence in the avionics market.

"Stringent aviation safety regulatory standards for hardware and software development adds significant efforts in validation and verification (V&V). Automation capabilities brought in by Certon, coupled with Cyient's strong global delivery capabilities, will reduce the cost-and-time-to-market for our clients."

The transaction would be EPS accretive.

Timothy Stockon, CEO and founder of Certon said "We are excited to become part of the Cyient family. Over the years Certon has built an impeccable record of service delivery, a long-term client base, and unparalleled capability to develop, validate, and verify complex safety-critical systems.

"This alliance creates a scalable platform for enhancing automation capabilities and provides an opportunity for cross-pollination of offerings across the combined customer base. In Cyient, Certon has found a partner that is strategically aligned to its business and whose global presence and financial strength will be of immense value. My team and me look forward to working with Cyient to continue the application and evolution of proprietary Certon technology towards jointly realizing our shared growth ambition

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